The new Swiss VAT rates
From January 1, 2024, Swiss VAT rates will be increased as indicated below.
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Current rates valid until December 31, 2023 |
New rates in effect as of January 1, 2024
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| Standart rate | 7,7% | 8,1% |
| Reduced rate | 2,5% | 2,6% |
| Special rate | 3,7% | 3,8% |
Anticipate the VAT change today with Yotech!
Why anticipate before December 31, 2023?
According to the federal law on value added tax, VAT rates are applicable on the date of the service, and not on the date of invoicing or payment (art. 115, al. 1, LTVA), and this, whatever the method of calculation (according to the counter-service agreed or received).
In other words, for services provided in 2024, they should be invoiced now with the new rate.
Are you on Odoo and want to update VAT rates? Make an appointment with our Odoo consultants!