As a result of a referendum held by the Swiss authority in September 2022, the VAT rates will be increased in the country from 1 January 2024.
Under these changes, the following VAT rates will apply from next year to supplies taxable in Switzerland: the standard VAT rate is increased from 7.7% to 8.1%, the reduced VAT rate is increased from 2.5% to 2.6% and the special rate for accommodation will be raised from 3.7% to 3.8%.
Quick-fire VAT and Ecommerce news from around the world to help you stay up-to-date with the market. New thresholds for Italian Import VAT ViolationsΒ Italy has raised the threshold at which not paying Import VAT becomes a criminal offence from EUR 10,000 to EUR 100,000. The threshold for customs
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Running a successful Ecommerce business in the UK and across Europe means more than having great products – it requires precise financial oversight and strict tax compliance. Shifting VAT regulations, complex logistics and multiple currencies mean solid accounting practices are no longer optional – theyβre essential. Our colleagues at
