Increase in Swiss VAT rates


Swiss voters approved the AHV 21 proposal last Sunday, and so endorsed an increase in Swiss VAT rates.

To cover an expected deficit in the AHV state pension scheme, Swiss VAT rates will increase as follows:

  Previous Change New rate
Standard rate
7.7% +0.4% 8.1%
Reduced rate 2.5% +0.1% 2.6%
Special accommodation rate
3.7% +0.1% 3.8%

The increase in VAT rates will take effect on 1 January 2024. We expect the FTA to publish guidance on its website before the new VAT rates come into force, explaining how the new rates are to be applied to supplies and invoices spanning the changeover period.

What does this mean for your company?

The necessary adjustments in ERP systems often turn out to be more complex and time-consuming than expected. We therefore recommend drawing up a timetable as early as possible to ensure that systems are converted to the new VAT rates on time and that invoices are issued correctly.

We would be delighted to assist you in this. Please do not hesitate to get in touch if you would like to discuss it with us.


Contact us

Thomas Patt

Thomas Patt

Director Tax & Legal Services, PwC Switzerland

Tel: +41 58 792 47 49

Benno Daehler

Benno Daehler

Senior Associate, PwC Switzerland

Tel: +41 58 792 22 82