- Switzerland ends the requirement for foreign VAT-registered companies to provide security deposits
- No new bank guarantees or cash deposits will be requested for new VAT registrations by foreign companies
- Existing cash deposits and bank guarantees are being returned to non-resident taxpayers
- Potential for the end of the fiscal representative requirement for foreign taxpayers
- The SFTA is reviewing and issuing refunds for existing security deposits in batches
- The SFTA may request new security in the future if a taxpayer does not comply with VAT obligations
Source: marosavat.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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