On January 1st, 2023, the turnover limit for the exemption from tax liability for non-profit, voluntary sports and cultural clubs and non-profit institutions for value added tax (VAT) will be increased from CHF 150,000 to CHF 250,000.
According to estimates by the Federal Tax Administration (ESTV), with the increase in the turnover limit, around 180 associations and non-profit institutions will be able to delete themselves from the VAT register.
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
