VAT rise shadows Switzerland’s rise to fund welfare payments
The European Principality of Liechtenstein is to raise VAT rates from 1 January 2024 as follows:
- Standard rate from 7.7% to 8.1%;
- Reduced rate from 2.5% to 2.6%
- Hotel accommodation rate from 3.7% to 3.8%
This tracks the Swiss VAT rise to 8.1%. Liechtenstein has adopted the VAT law of Switzerland, while having its own VAT administration.