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Swiss Federal Council Approves VAT Increase to Fund Additional Pension Payment

|Proposed Changes|Switzerland
Switzerland

The Swiss Federal Council has announced the adoption of the dispatch for the approval of a VAT increase to finance an additional "13th month" pension payment under the old-age and survivors' insurance program (AHV), which will take effect in 2026. As previously reported, two options were initially considered, which involved either an increase in employee contributions or an increase in employe…

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