VAT News

Swiss VAT Update - Rates change

The Switzerland VAT rate is set to revert on 1 January 2018 to 7.7% (from 8%). The special rate will also reduce to 3.7% (from 3.8%) and the reduced rate will remain the same at 2.5%. 

In addition to the change in VAT rates, the revised VAT law will also enter into force on 1 January 2018, although the extension of the obligation to VAT register for online goods traders has been postponed to 1 January 2019.

Related articles

UK MP Calls for Scrapping VAT Applied to Sunscreen

UK MP Chris Bryant calls for scrapping the 20% VAT rate applied to sunscreen products, encouraging more people to regularly use it.

Read more
Greek VAT Reductions Aims to Increase Tourism

On the eve of a European election, Greek Prime Minister Alexis Tsipras proposes a number of significant tax reductions focusing on increasing tourism to the country.

Read more
New 'Super Weapon' Against VAT Fraud In Europe

The Transactional Network Analysis quickly uncovers suspicious transactions and fraudulent VAT activity.

Read more