Swiss government plans VAT hike for military spending

2026-01-29 - 22:51

Switzerland’s government plans to raise value-added tax (VAT) temporarily to finance a substantial increase in military and security spending. The Federal Council wants to raise an additional CHF 31bn over ten years through a 0.8-percentage-point increase in VAT. A detailed proposal is due in March. According to the defence minister, Switzerland is ill-prepared for an