News Value Added Tax

The Swiss Federal Council puts the amendment to the VAT Regulation on the electronic procedure into force

In the future, the registration and settlement for value-added tax (VAT) is to be done exclusively electronically. This was decided by the Swiss Federal Council at its meeting on June 16, 2023. The amendment to the VAT Regulation will come into force on January 1, 2024.

Increase of VAT rates as of January 1, 2024

In the vote of September 25, 2022, the amendment of the AHV law and the federal resolution on the additional financing of the AHV were approved, which is why new VAT rates will apply as from January 01, 2024:

Relaxation of the VAT obligation for associations as of January 1, 2023

The turnover limit for the VAT obligation of non-profit, voluntarily managed sports and cultural associations and non-profit institutions will be increased from Fr. 150 000 to Fr. 250 000 as of January 1, 2023.

Reimbursement of VAT credit

New generally within 30 days

Additional VAT risk on company acquisition

A newly published ruling by the Swiss Federal Supreme Court has relativised the previous practice concerning the VAT risks associated with a company acquisition.

Perspectives on VAT considerations for blockchain-based tokens in Switzerland

Switzerland - with the cooperation of governmental authorities - especially in the canton of Zug, is playing a pioneering role worldwide in the field of blockchain technology.

Swiss companies - obligation to register even if 100% of the services are provided abroad

Since January 1st 2018, Swiss companies (from a taxable turnover of CHF 100,000) must also register for VAT, even if they provide 100% of their services abroad.