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A reduced rate can be levied by the federal government for accommodation services provided by the Swiss hotel industry. This amounted to 3.7 percent. The law defines an accommodation service as the provision of accommodation including breakfast, even if this is charged separately. On 1 January 2024 VAT rates increased.
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
On cantonal level, tax rates varies heavily, Obwalden adapted a 1.8% flat tax on all personal income following a cantonal referendum in 2007. In most cantons, the rate is proportional with a maximum rate of 6.5% in Bern, whereas in Zurich it was 13% and in Geneva 17.58-.76% (depending upon taxes as single or jointly). [22] [23]
Liechtenstein's standard rate of VAT (Mehrwertsteuer) is identical to Switzerland's for it must mirror the latter's continually and is currently 8.1%. [28] The reduced rate is 2.5%. A special reduced rate of 3.7% is in use in the hotel industry. [29]
The final CPI release before the Fed's meeting is expected to be released at 8:30 a.m. ET on Wednesday. Wall Street economists expect headline inflation rose 2.7% annually in November, an increase ...
EU VAT Tax Rates. The European Union value-added tax (or EU VAT) is a value added tax on goods and services within the European Union (EU). The EU's institutions do not collect the tax, but EU member states are each required to adopt in national legislation a value added tax that complies with the EU VAT code.
The best books of 2024, according to Goodreads. See all deals. In Other News. Entertainment. Entertainment. Fox News. Travis, Jason Kelce give blunt take on Christmas movie Taylor Swift, Kylie ...
47.475% which includes 45% income tax and 5.5% solidarity surcharge based on the total tax bill for incomes above €256,304. The entry tax rate is 14% for incomes exceeding the basic annual threshold of €9,000. 19% (reduced rate of 7% applies e.g. on sales of certain foods, books and magazines, flowers and transports) [6] Georgia: 15% 18% ...