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Switzerland votes on VAT rise

  • VAT
  • 19 August 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 gfs.com 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 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.