Switzerland will abolish tariffs on goods classified under tariff chapters 25 to 97, except for certain agricultural products. This will simplify trade and reduce costs for companies importing products into Switzerland. Customs procedures will remain the same. The nomenclature will also be simplified, reducing the number of tariff numbers. This change is expected to enhance welfare and improve the competitiveness of the Swiss industry by lowering prices and costs.
Source ataxint.com
Latest Posts in "Switzerland"
- Switzerland Proposes Temporary VAT Increase to Fund Defense Spending
- Swiss Voters to Decide on AHV Funding via VAT Increase
- Swiss Court Upholds Customs Backpayments for Misused Livestock Import Licenses
- Swiss Court Limits VAT Deduction on Demolition Costs After Property Transfer
- Swiss Court Upholds VAT on Intra-Group Reinsurance Support Services
