On 24 September 2017, there was a vote in Switzerland whether the VAT shall be risen from current 8% to 8.3% or not. This proposal is especially interesting as there was initially the idea of reducing the VAT rate. The unexpected outcome, a majority of 53% voted against the increase and the scheduled reduction of the VAT rate from 8% to 7.7% was not only in favour of most Swiss, there is also already a date when this change will take place. On 1 January 2018, the VAT rate in Switzerland will be decreased to 7.7%. The reduced VAT rate will stay at 2.5%. Due to their VAT union, Liechtenstein has announced the same changes.