Switzerland increases VAT rate to 8% from 2011 until 2018
- Oct 2, 2010 | Richard Asquith
Following a recent referendum, Switzerland has announced a temporary rise in its VAT rates. The increase will help alleviate the costs the social security system which is undergoing reform.
The Swiss VAT rates will change as follows from 1 January 2011:
Standard VAT rate: 7.6% to 8.0%
Reduced VAT rate: 3.6% to 3.8% (hotels)
Super Reduced VAT rate: 2.4% to 2.5% (foodstuffs)
The increase will be withdrawn on the 1st January 2018.