EU VAT Rate Increases for 2024

Dec 20, 2023 | Switzerland

Avalara stop Amazon VAT services

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

Country VAT Rate upto December 31st 2023 VAT Rate after January 1st 2024
Estonia 20% 22%
Switzerland 7.7% 8.1%
Switzerland 3.7% 3.8%
Switzerland 2.5% 2.6%
Singapore 8% 9%
  • 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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