- Invoices are known to be of outstanding importance in VAT: on the one hand, they are used to pass on the VAT (if applicable) to the customer, and on the other hand, they form an essential basis for companies to reclaim the VAT charged on them (so-called input tax).
- So far, Switzerland knows two invoice formats: the paper invoice and the electronic invoice (or e-bill). The latter is currently defined by the Federal Tax Administration (FTA) as an electronically generated document that has the same contents and legal consequences as paper invoices.
- With the revision of VAT Info 16, Bookkeeping and Invoic-ing, draft of 3 May 2023, another format will apparently be introduced: in addition to the paper invoice and the e-invoice, there will now also be the digital invoice.
- But how exactly do these two latter categories differ from each other? And how relevant is this for com-panies operating in Switzerland in practice, what are the possible consequences?
Source: primetax.ch
