VATupdate

Switzerland Supreme Court decision on opting for taxation of tax-exempt supplies

In Switzerland there is a right to opt to tax most VAT-exempt services. The option can be selected

and applied as per each single transaction.

The Swiss Supreme Court (in a case concerning a golf course) has ruled that the requirement to

clearly detail tax on the invoice is a mandatory provision. The option is only valid in respect of

invoices that clearly detail the tax.

The option is not valid if it is only declared on the VAT return (and not on the invoice). If an option is

not detailed on the invoice, it is invalid, the underlying service remains exempt, and the respective

input VAT is unrecoverable.

 

http://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-gitn-october-2014.pdf

Sponsors:

VAT news
VAT news

Advertisements:

  • VAT news
  • VAT news
  • VAT news