The upcoming partial revision of the Swiss VAT Law (rVATL) will introduce changes in VAT compliance and administrative obligations, allowing companies to report VAT on an annual basis starting from 1 January 2025. Small and medium-sized enterprises with an annual taxable turnover not exceeding CHF 5,005,000 will be eligible for annual VAT reporting, provided they have met certain conditions such as filing VAT returns and paying tax claims fully and on time in the last three tax periods. This change aims to potentially reduce reporting periodicity for businesses.
Source Deloitte
