Switzerland to raise VAT from 8% to 8.1% in 2018
- European News
- 09 June 2013 | Richard Asquith
Both houses of the Swiss Parliament voted to raised the Swiss VAT rate from 8% to 8.1%. It is intended as a temporary increase, to come into affect from 2018 to 2030.
The Swiss VAT rise is required to help meet the costs of a large improvement in the rail system, which is heavily used by commuters. Plans to introduced an increase in rail fares was ruled out.
The Swiss VAT rate rose from 7.6% to 8% in 2011. This too was intended as a temporary VAT rise following a national referendum. There was also an attempt earlier in 2013 to reduce the number of Swiss VAT rates from 3 to 2 - but this was rejected.