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Switzerland to Increase VAT to Fund Additional Pension Payment

|Proposed Changes|Switzerland
Switzerland

The Swiss Federal Department of Home Affairs has issued a release on the recent consultation in regard to additional funding to finance an additional "13th month" pension payment under the old-age and survivors' insurance program (AHV), which was recently approved and will take effect in 2026. As previously reported, two options were initially considered, which involved either an increase in e…

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