VAT

8%mwst is the abbreviation of German Mehrwertsteuer, 8% value-added tax. In Switzerland, shops that can receive tax refunds basically require a purchase of more than 300 Swiss francs (Switzerland has not yet joined the Eurozone). Chinese tourists can enjoy a tax refund of about 7.6%.

In addition, although it has joined the Schengen visa, Switzerland has not joined the EU's unified customs area. Therefore, entry and exit item inspections and related tax inspections will still continue. Before leaving Switzerland by plane, bus or train, tourists You still need to go through the tax refund procedures at the customs.

Extended information:

Swiss property transfer tax on title deeds ranges from 0% to 4% depending on the canton. For example, Aargau, Zug and Zurich do not have this tax. However, the tax rate is 1.5% of the property value in Lucerne and 1.8% of the property value in Bern and Veer.

To register a property, the owner must pay a 0.5% land registration fee. Real estate taxes are annual taxes ranging from 0.05% to 0.30% of the cadastral value of the state. Income tax is charged at the federal, state and municipal level at a rate of 11.5%.

In addition, the tax threshold is an annual income of more than 755,200 Swiss francs for unmarried taxpayers and 895,800 Swiss francs for married couples and single taxpayers with children. The maximum state rate is around 30%, but can reach 40% in some cases.