The Swiss Federal Parliament adopted the bill to unilaterally abolish import duties on almost all industrial goods and simplify the Swiss customs tariff to reduce costs for consumers and companies alike. The final vote is still subject to an optional referendum, however, if no political party is launching the referendum, the legislation will enter into force on 1 January 2022.
Comments from www.vatupdate.com: Although the article from EY mentions that elimination of the customs duties would be Jan 1, 2022, other sources informed us that the elimination would only be effective Jan 1, 2024. To be continued.
Source EY
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
