Switzerland
Upcoming VAT rate changes in January 2024
Kofax wanted to remind you that Switzerland is introducing new standard, reduced and accommodation VAT rates, effective 1 January 2024. Liechtenstein generally follows fiscal law in Switzerland and will also adopt the new VAT rates.
Specifically, Switzerland and Liechtenstein’s VAT rates will take effect in line with the following:
- Standard VAT rate: 8.1%, up from the existing 7.7%.
- Reduced VAT rate: 2.6%, up from the existing 2.5%.
- Special VAT rate for accommodation: 3.8%, up from the existing 3.7%.
In limited circumstances, some suppliers may need to use the revised VAT rates prior to 1 January 2024. For this reason, the Tungsten Network portal has supported the revised rates since summer 2023.
Kofax has communicated with our Swiss suppliers and buyers regarding the VAT rate change.
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