Swiss VAT. MySwitzerland.com/meetings Update PwC: 23 June 2023
Facts and figures VAT rates Switzerland has three VAT rates: Standard rate 7.7% (until 31 Dec 2023), 8.1% (from 1 Jan 2024)
Reduced rate 2.5% (until 31 Dec 2023), 2.6% (from 1 Jan 2024)
Special rate 3.7% (until 31 Dec 2023), 3.8% (from 1 Jan 2024)
General tax rate applicable to
Food, newspapers, magazines and books Take-away food and nonalcoholic beverages Admission to sports and cultural events, if VAT is paid voluntarily
Hotel stays in Switzerland including breakfast
supplies and services (e.g. consultancy, trade fair admission, sale of goods)
The decisive factor for the applicable tax rate is neither the date of invoicing nor the date of payment, but the date of provision of the benefit. For periodic benefits, the entire period of benefit provision is relevant. If benefits are provided that are subject to both the previous and the new tax rates due to the period in which they were provided, a breakdown (date/period in which the benefit was provided as well as amount share) must be made on the invoice. If this is not the case, the entire invoiced benefits are to be settled using the new tax rates. In this context, it is worth consulting an experienced consultant in Switzerland for support.
Switzerland Convention & Incentive Bureau (SCIB)