- Switzerland is seeking comments on amending the VAT ordinance
- The amendment aims to incorporate amended VAT rates and administrative improvements
- The draft ordinance includes measures to simplify and revise tax rate methods
- Mandatory usage of the electronic portal for applications and declarations will be required
- Net and flat tax rates will be adjusted and approved
- Input tax deductions and import tax exemptions will be clarified
- A VAT reporting procedure will be implemented for taxable cash payments of 15,000 Swiss francs.
Source: news.bloombergtax.com
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.
