In this article
From 1st January 2024, the new VAT rates in Switzerland are applied.
In case you need to register invoices with the new 2024 rates, these can be applied starting from the 3rd quarter of 2023 for the effective method, and from the 2nd half of 2023 for the flat tax rate method.
Further details are available on the website of the Federal Tax Administration page.
Updating to the new VAT Codes and VAT Report 2024
To be able to record VAT movements with the new rates, you must first update the VAT Codes 2024 table in your accounting files.
- Download the latest version of Banana Accounting Plus (to easily update the VAT Codes table).
- Update the VAT Codes table with the new rates
Before updating VAT Codes, however, we recommend that you make back-up copies of your accounting files, in case you need to revert to previous versions.
2024 VAT Extensions
The documentation in English is only partial: the full documentation is available in German, French or Italian.
We provide two distinct extensions:
- Effective Method - VAT Extension 2024/2018 - See documentation in German, French or Italian
- Flat tax rate Method - VAT Extension 2024/2018 - See documentation in German, French or Italian
The new 2024 extensions allow reporting using both the rates in force as of 2018 (e.g. 7.7%) and those in force as of 2024 (e.g. 8.1%).
The new Swiss VAT extensions 2024 will be installed automatically and will replace the Swiss VAT extensions 2018.
Banana Accounting Plus Advanced Plan
The new Swiss VAT extensions 2024 require Banana Accounting Plus, Advanced plan.
- To enable a smooth transition to the new rates, the use of the extensions are free of charge until 30 June 2024 for all users of Banana Accounting Plus.
- Those who use the Professional or Free plans, from 1 July 2024 will receive a notice that the Advanced plan is required. More information...
VAT extension incompatibility notice 2024 for Banana 9 users
- In Banana Accounting 9 (and previous versions), the new Swiss VAT 2024 extensions are warning that they are no longer compatible. More information...
How to keep using the 2018 VAT extension
- The Swiss VAT 2018 extensions are still available. However, they must be reinstalled manually. More information...