- The Swiss parliament has approved a partial revision of the VAT law, with significant changes coming into effect from 2025.
- Electronic platforms will be required to provide information on sellers and buyers, while travel services resold by travel agencies and related services will be VAT exempt.
- The reduced tax rate of 2.6% will apply to menstrual hygiene products
- Taxpayers with an annual taxable turnover below CHF 5,005,000 can file annual VAT returns.
- The Swiss Federal Tax Authority (SFTA) will impose sanctions on low-value goods sellers who do not comply with VAT rules.
- Additionally, the SFTA ePortal will be the sole means of registration for VATable persons and filing of VAT returns from 1 January 2024, with a transitional period until 1 January 2025.
Source Deloitte
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