On Spetember 25, 2022, the Swiss voters said “yes” to the “AHV 21” proposal and thus also approved an increase in Swiss VAT rates.
To cover the expected AHV deficit, the Swiss VAT rates will be increased as follows:
| So far | adjustment | Adjusted tax rates | |
| standard rate | 7.7% | +0.4% | 8.1% |
| Reduced rate | 2.5% | +0.1% | 2.6% |
| Special rate for accommodation services | 3.7% | +0.1% | 3.8% |
The increase in VAT rates will come into effect on January 1, 2024.
Source PwC
