The Swiss government decreases standard VAT rate on January 1, 2018

The Swiss government decided to decrease their standard VAT rate from 8% to 7.7%, and reduced VAT rate (accommodation) from 3.8% to 3.7% on January 1, 2018. The previous rate was temporarily in place in order to finance pensions provisions, however, by popular vote in September of last year, the temporary rates were declined.

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