- Swiss Federal Council approved amendments to VAT Ordinance on August 21, 2024
- Reforms to come into force from January 1, 2025
- Changes aim to simplify tax compliance for taxpayers under VAT flat rate schemes
- New tax collection obligations on digital platforms to be implemented from January 1, 2025
- Mail order companies generating at least CHF100,000 turnover per year must be entered in VAT register
- Platforms will be responsible for tax collection and remittance from January 1, 2025
- All platforms must provide information to Federal Tax Authority
- Services provided remotely will be taxed at recipient’s location
Source: answerconnect.cch.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.
Latest Posts in "Switzerland"
- FTA to Discontinue “VAT Accounting Easy” Service from May 2026
- 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
