vat rate switzerland change
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 Reduced VAT rate: 3.6% to 3.8% (hotels) Super Reduced VAT rate: 2.4% to 2.5% (foodstuffs) The increase will be withdrawn on the 1 st January 2018.