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Switzerland votes on VAT rise

  • Aug 18, 2017 | Richard Asquith

Switzerland votes on VAT rise

Switzerland is to vote on September 24 whether to raise its VAT rate from 8% to 8.6%.

A poll this week has put the in-favour vote at 53% of the electorate.  The rise is designed to help fund pension fund reforms. The VAT increase would fund a compensation payment to retiring workers who will lose out on the reforms.

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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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.