5 Major Developments in Switzerland

5 Major Developments in Switzerland

• Switzerland ends foreign VAT registration threshold for B2C e-commerce
• Advanced E-Invoice Regulation Guide in Switzerland
• Increase in Swiss VAT rates may affect tax payers today already
• New Goods Traffic System for Digital Processing of Customs Procedures
• Tax representation in Switzerland

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Customs

• New Goods Traffic System for Digital Processing of Customs Procedures

• Import Control System 2 (ICS2) – release of second phase on 1 March 2023

Cryptocurrency and NFT

• VAT Talks – Cyrill Diefenbacher

Deduction (Input Tax Credit)

• All Online Retailers will Pay VAT

• PwC wins landmark case enabling public authorities to reclaim additional input VAT

E-Commerce / Electronic Services

• Switzerland ends foreign VAT registration threshold for B2C e-commerce

• Switzerland ends foreign VAT registration threshold for B2C e-commerce

• All Online Retailers will Pay VAT

• Switzerland progresses 4% streaming tax via VAT return

E-Invoicing

• Advanced E-Invoice Regulation Guide in Switzerland

• Send e-bills to the federal government

• How does E-Invoicing in Switzerland work?

Exemption

• Changes in the Swiss VAT landscape as of 1 January 2023

Importation

• New Goods Traffic System for Digital Processing of Customs Procedures

Fiscal Representation

• Tax representation in Switzerland

Fixed Establishment

• Chatgpt: Does the concept of fixed establishment for VAT purposes exist in Switzerland?

Fraud / Tax evasion

• Changes in the Swiss VAT landscape as of 1 January 2023

Place of Supply

• Fuel cards and VAT – Swiss tax administration comments on VAT treatment of fossil fuels and electricity

Rate

• Guidance: VAT rate from 2024

• Increase in Swiss VAT rates may affect tax payers today already

• Additional recommendations for practical implementation of the Swiss VAT rate increase per 2024

• All Online Retailers will Pay VAT

• Increase in VAT rates effective from January 1, 2024 – final guidelines published by the Swiss Federal Tax Administration (VAT Info No 19)

• Increase in VAT rates effective from January 1, 2024 – final guidelines published by the Swiss Federal Tax Administration (VAT Info No 19)

• Guidance about VAT rate increase per 1 January 2024

• Increase in Swiss VAT rates as from the 1st of January 2024

• Switzerland Tax Agency Announces Net Rates of VAT Effective Jan. 1, 2024

• Updated net tax rates from January 1, 2024 (due to VAT rate increase)

• KMLZ VAT Newsletter 60/2022 – A look across the border

• Changes in the Swiss VAT landscape as of 1 January 2023

• Update – Swiss Tax Administration Confirms VAT Rate Increase from January 2024

Registration

• Switzerland ends foreign VAT registration threshold for B2C e-commerce
• All Online Retailers will Pay VAT

• VAT registration annual turnover threshold increased for certain institutions

• Changes in the Swiss VAT landscape as of 1 January 2023

Reporting / Compliance

• Technical problems appeared on the ePortal between February 24 and the deadline for submitting VAT statements at the end of February

• No disadvantages due to technical malfunctions in the ePortal

• Switzerland progresses 4% streaming tax via VAT return

• New obligation for streaming services to invest in Swiss filmmaking determined by VAT return

• Changes in the Swiss VAT landscape as of 1 January 2023

• WTS VAT newsletter #4 2022

• VAT returns can now be submitted by following the ‘VAT-declaration easy’ process on EasyGov

Tax Authorities / Penalties

• VAT Value Added Tax Statistics

Tax Point (When the Chargeable Event Occurs)

• Increase in VAT rates effective from January 1, 2024 – final guidelines published by the Swiss Federal Tax Administration (VAT Info No 19)

Taxable Transaction

• VAT treatment of private shares (remuneration in kind)

Vouchers

• Vouchers from a VAT perspective

• European Union and Switzerland: Vouchers from a VAT perspective