Swiss Federal Council backs 0.7% VAT increase in 2026 to fund pensions rise The Swiss Cabinet on 16 October 2024 approved a draft decree for a VAT hike from 0.4% to 0.7%, taking the standard rate from the current 8.1% to 8.8% – probably in 2026.
Pension deficit from ‘Baby Boomers’ prompts National Council to approve national referendum on VAT rise An ageing population, and funding shortage in the public pension system (OASI), has led to the National Council and Council of States to approve a national referendum for 25 September
€26bn net gain to the economy during lockdown as standard rate cut from 19% to 16% in 2nd half of 2020 German’s controversial six-month 3% standard VAT rate cut to 16% may have worked contrary to received views by economists and VAT thought leaders. The
