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Swiss VAT drops to 7.7% 2018

  • VAT
  • 24 September 2017 | Richard Asquith

Swiss VAT drops to 7.7% 2018

On 24 September 2017, the Swiss population rejected a proposal to raise VAT to 8.3% from the current 8%. This proposal was in support of a pension reform package, including more flexibility around the retirement age, with increased contributions from employers and employees.

As a result of this vote - 53% of voters rejected the proposal - a scheduled reduction of the 8% VAT rate to 7.7% will go ahead instead on 1 January 2018.  There will be no change to the reduced VAT rate of 2.5%. The special reduced VAT rate on hotels of 3.8% would fall to 3.7%.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.