Switzerland is reforming its customs tariff, abolishing industrial tariffs, and simplifying the Swiss Customs Tariff (TARES) by reducing the number of tariff headings. Import duties for industrial products will no longer apply from 1 January 2024, and preferential proof of origin will not be necessary for these products. However, customs clearance and other additional duties and taxes will still apply. The changes will require a revision of the customs tariff headings in the database and will result in administrative relief for companies.
Source KMLZ
Latest Posts in "Switzerland"
- Swiss Government Proposes 0.7% VAT Increase to Fund 13th Pension Payment by 2026
- Deadline Extension for VAT Return Submission Available Online via ePortal Service
- Federal Court Upholds FTA’s Input Tax Deduction Practice, Criticizes Revenue Key Method.
- Federal Administrative Court Confirms ESTV Practice on Input Tax Deduction, Criticizes Revenue Key Method
- Appeal Dismissed: VAT Liability Upheld for 2020 Tax Period in Erotic Business Case
