For the first time in the history of VAT, statistics record this maximum value. Exactly 400,775 companies are registered in the register of VAT taxable persons at the end of October 2021. This corresponds to an increase of more than 34,000 taxable companies compared to 2015, when there were more than 366,000 taxable companies, or about 10% more.
The investments made so far in the field of digitization are clearly reflected in the statistics. The new record value clearly underlines the importance of the path chosen by the AFC in the field of digitization, so that the core business can also be managed successfully in the future.
Source: admin.ch
Latest Posts in "Switzerland"
- Swiss Supreme Court Clarifies VAT Rules for Sports Tournament Organizers and Input Tax Deductions
- Swiss Court Upholds Import Duties for Unauthorized Domestic Bus Journeys by Foreign Transport Companies
- Swiss VAT Law: Updated Guidelines on “Car Mileage Rate” Published by ESTV
- Partial VAT Input Tax Deduction Allowed for 2016-2017; Appeal Otherwise Dismissed Due to Missing Records
- Swiss Supreme Court: Charitable Donations vs. Taxable Services, VAT Classification, and Cost Allocation Dispute
