- From January 1, 2025, Swiss SMEs with annual taxable turnover not exceeding CHF 5,005,000 and a good compliance history can opt for annual VAT reporting.
- Eligible businesses must apply via the SFTA ePortal, with the 2026 application deadline on February 28, 2026.
- Advance VAT payments are required throughout the year, with specific instalment schedules depending on the tax rate method; late payments incur interest.
- The SFTA can revoke annual reporting if eligibility is lost, deadlines are missed, or VAT debts arise, requiring businesses to revert to more frequent reporting.
- Annual reporting eases administration but requires careful cash flow management; businesses expecting regular VAT refunds may prefer more frequent reporting.
Source: meridianglobalservices.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.
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