- The Swiss parliament has approved a partial revision of the Value Added Tax Act (MWSTG) in June 2023.
- The revision focuses on digitalization, internationalization, simplification, tax reductions, and fraud prevention.
- The changes include making online platforms liable for VAT, exempting foreign tour operators from taxation, reducing taxes on menstrual hygiene products, and introducing new tax exemptions for cultural events and coordinated healthcare services.
- The revision also allows small and medium-sized enterprises (SMEs) to voluntarily file their VAT annually and introduces measures to combat serial bankruptcies and fraud in the transfer of emission rights.
- The revision is expected to have minimal impact on tax revenues, with estimated recurring additional revenues in the mid-double-digit million range.
- The implementation of the revision is planned for January 1, 2025, with the consultation on the Value Added Tax Ordinance (MWSTV) to be opened in autumn 2023.
Source: estv.admin.ch
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
