These are the new VAT rates in Switzerland from 2024
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The tax rates as of 1 January 2024 are as follows:
| Until 31.12.2023 | As of 01.01.2024 | |
|---|---|---|
| Standard rate: | 7,7 % | 8,1 % |
| Reduced tax rate: | 2,5 % | 2,6 % |
| Special rate for accommodation: | 3,7 % | 3,8 % |
The time at which the service is provided is relevant for the tax rate. The date of issue of the invoice and the date of payment are not of relevance. The previous tax rates will therefore continue to apply to all services provided up to 31 December 2023, while the new tax rates will apply from 1 January 2024 to all services provided thereafter. This regulation also applies to partial payments and partial invoices. Advance payments received for services in the new financial year must be settled at the new rates.
| Until 31.12.2023 | As of 01.01.2024 |
|---|---|
| 0.1% | 0.1% |
| 0.6% | 0.6% |
| 1.2% | 1.3% |
| 2.0% | 2.1% |
| 2.8% | 3.0% |
| 3.5% | 3.7% |
| 4.3% | 4.5% |
| 5.1% | 5.3% |
| 5.9% | 6.2% |
| 6.5% | 6.8% |
Furthermore, the thresholds for applying the flat-rate tax rates method are also being raised. These adjustments are as follows:
| Until 31.12.2023 | As of 01.01.2023 | |
|---|---|---|
| Revenue threshold | CHF 5'005'000 | CHF 5'024'000 |
| Tax burden | CHF 103'000 | CHF 108'000 |
If turnover from taxable services exceeds CHF 5,024,000 or if VAT is incurred in excess of CHF 108,000, the effective method must be applied.
In the settlement for the 3rd quarter (or the 2nd semester when applying flat-rate tax rates) or for the month of July 2023, you can declare for the first time at the new tax rates. Please note the following:
The decisive factor for declaring individual services in the settlement is the time or period of service provision.
Services provided until 31 December 2023 are subject to the previous tax rates. Services provided from 1 January 2024 are subject to the new tax rates.
The increase in the VAT as of 1 January 2024 is a done deal. Now, it is essential to file the changes in the internal systems accordingly:
We are here to assist you with these steps and any other questions about adjusting the value-added tax rates.
