- Once the VAT registration threshold is reached, foreign businesses must register for VAT in Switzerland to remain compliant with Swiss regulations.
- Adherence to best practices, including invoicing guidelines, record keeping, and reporting requirements, is necessary for compliance.
- Businesses should be aware of planned increases in the standard & reduced VAT rates by January 2024 and the transition to the ePortal platform in November 2022.
Source Taxually
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