- It is important for companies to fill out the VAT return correctly to avoid tax problems
- Tips are provided in the article for precise and correct completion of the return
- Section I of the VAT return deals with total agreed or received fees, including services opted for, fees from transfers in the reporting procedure, and services abroad
- Worldwide revenue must now be declared as it is used as the basis for calculating the RTV levy
- Exempt services that are voluntarily taxed must be declared in section 205 and also included in section 200 for calculating the tax liability
- Examples of exempt services include training services, cultural event tickets, and rental of business premises
- Section 220 is for declaring services that are exempt from tax according to Article 23 of the MWSTG
Source: primetax.ch
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.
