In advance of the increase in VAT rates in Switzerland from 1st January 2024, the Swiss VAT Authorities have published a modified periodic VAT return form to take account of the new VAT rates.

The new periodic VAT form will contain separate boxes to report transactions at the current rates (i.e rates applicable until 31st December 2023) and the new VAT rates.

The new VAT form will be used for reporting periods starting from 1st July 2023.

These changes to the VAT form are to take account of the following approved increases in VAT rates, that will apply in Switzerland from 1st January 2024:

Standard VAT rate:    From 7.7% to 8.1%
Reduced VAT rate:    From 2.5% to 2.6%
Special rate for accommodation:   From 3.7% to 3.8%

If you have any questions on the impact of the above changes on your business, please contact us here