Dec 20, 2023 | Switzerland

EU VAT Rate Increases for 2024

Coming into affect from January 1st 2024 there are a number of increases to EU VAT rates. Our table below summarises the changes.

Estonia will increase it’s standard rate of VAT from 20% to 22%
Switzerland will increase it’s standard VAT rate from 7.7% to 8.1% while also increasing it’s reduced rates from 3.7% to 3.8% and 2.5% to 2.6%. This also affects changes in the VAT registration threshold
Singapore’s GST rate will also be increasing from 8% to 9%

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