- The Swiss Federal Council has announced that a revised VAT law will be effective from January 1, 2025, allowing Swiss VAT-registered companies to opt for annual VAT reporting.
- To qualify for annual reporting, businesses must have a taxable turnover below CHF 5,005,000 and a history of timely VAT return submissions and payments.
- The revision also removes the need for foreign taxpayers to have a fiscal representative and introduces joint liability for directors on VAT debts, along with other compliance rule changes.
Source Taxually
Latest Posts in "Switzerland"
- Federal Administrative Court Decision on VAT Input Tax Deduction Timing for 2020 Tax Period
- Federal Administrative Court Confirms Input Tax Deduction Reduction, Classifies SFOE Payments as Subsidies
- Swiss Federal Administrative Court Rules on VAT Reference Tax for Reinsurance Services
- Federal Administrative Court Confirms VAT Liability for Electronic Services from 2015-2020
- FAC Partially Upholds Appeal on VAT Dispute Over Vehicle Use and Travel Expenses, 2014-2018
