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Switzerland considering raising standard VAT rate to 8.5% in 2024

  • Switzerland is considering raising its standard VAT rate to 8.5%
  • The proposed increase would be 0.4%
  • This would be the second increase, with the first one occurring on January 1, 2024
  • The previous increase raised the standard rate from 7.7% to 8.1%

Source: easytax.co

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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