Due to the extraordinary situation, taxpayers do not have to declare an input VAT reduction when they receive COVID-19 contributions from the public sector, although the contributions continue to qualify as subsidies. The FTA published this in its practice specification on May 7, 2021 – contrary to the draft publication.
Source PwC
Latest Posts in "Switzerland"
- Swiss Government Proposes 0.7% VAT Increase to Fund 13th Pension Payment by 2026
- Deadline Extension for VAT Return Submission Available Online via ePortal Service
- Federal Court Upholds FTA’s Input Tax Deduction Practice, Criticizes Revenue Key Method.
- Federal Administrative Court Confirms ESTV Practice on Input Tax Deduction, Criticizes Revenue Key Method
- Appeal Dismissed: VAT Liability Upheld for 2020 Tax Period in Erotic Business Case
