Increase in VAT rates

The new VAT rates will apply from January 1, 2024. In this regard, we refer you to our original blog post: Change in VAT rates 2024. This raises some difficult questions if invoices are issued in advance or retroactively beyond the end of 2023. The Federal Tax Administration has published helpful instructions on this. You can find it under the following link: Increase in VAT rates as of January 1, 2024

P.S.: To reduce the administrative burden of invoicing, it may make sense to invoice the accrued services at the end of 2023. We would be happy to advise you and explain the finesse of adjusting VAT rates.