Our newsletter provides concise, clear and understandable information on the latest developments in VAT tax practices that have an impact on the Swiss market.
report on the results and the draft law with a legislative message will be sent through the councils.
Processes and systems are to be consistently simplified, standardised and digitalised. The focus is on
security. This is also the goal of the new ICS2 in the EU.
company to be founded (so-called spin-off). This is often done retroactively, e.g. to the beginning of the
current year. In this case, which company owes the VAT amounts attributable to the spin-off branch of
(SFTA). But the fact that the SFTA is now intervening in online gaming is completely new – and leads to
The liquidity of a company is essential for its continued existence. Especially in economically difficult times,
such as those caused by the COVID-19 pandemic, it is extremely important to pay attention to all sources of liquidity.
Don‘t forget the input VAT and get your money back in time!
resulting from the elimination of taxation of internal turnover. The possibility of group taxation is
often discussed much later, after the establishment and/or VAT registration of a Swiss company. Is a retroactive
combination as a VAT group even possible?
by car to be independent and faster at the planned place of arrival. In addition to the art of driving a car,
VAT and customs should never be ignored…
December 2019 – Special Edition Brexit
an overall majority for the Tory party with his slogan “Get Brexit done”. So, what are the next steps?
The new year 2020 is just around the corner. The VAT innovations are now within reach.
Special Edition – January 2019
Special Edition – September 2018
companies are really aware that one of the many effects of globalisation can even be a reduction in costs, as the August edition of vat’s important reports.
Most companies have in the meantime submitted their 4th quarter 2017 VAT declaration to the Swiss Federal Tax Administration (SFTA), but the 2017 value added tax reporting obligation is not yet completed with this. The taxable person still has to reconcile the value added tax for the entire year as part of the so-called finalization.
The year 2018 has brought and brings about some alterations from an indirect tax per-spective. Much has already been written and reported about it. Unfortunately, it is our ex-perience that not everyone is aware of these new developments. We therefore want to seize this opportunity and reiterate how important the following issues are to every single business.
The Federal Council has repealed the Federal Department of Finance’s (FDF) Ordinance on Electronic Data and Information (ElDI-V) of 11th December 2009 with effect from 1st January 2018. This facilitates digital accounting as well as the deduction of input tax.
After 2014, in its judgement of 3rd October 2017, the Federal Administrative Court again assessed the mediation in the financial services sector as being subject to VAT. Accordingly, the mediation should be oriented as was customary until 2009 – by means of direct representation! In order to finally have legal certainty a final decision on this case by the Federal Court would be desirable.
VAT is an important part of corporate activity. As of 1st January 2018, there are amendments to Swiss VAT law. What does this mean for my company? What do I have to think about?
160 countries levy a national consumption tax and the U.S. (we) are the only country in the OECD that does not. The past 8 years of federal deficits plus the projected deficits over the next 25 years have raised concern about how long we can continue deficit spending and still avoid a fiscal crisis. Are we ready for a serious debate about a overhaul of our tax system before the window of opportunity closes?
160 countries levy a national consumption tax and the U.S. (we) are the only country in the OECD that does not. 1 The past 8 years of federal deficits plus the projected deficits over the next 25 years have raised concern about how long we can continue deficit spending and still avoid a fiscal crisis. Are we ready for a serious debate about an overhaul of our tax system before the window of opportunity closes?
In October 2014, the Federal Administrative Court reached a decision (23/10/2014, A-4913/2013) with potentially far-reaching consequences in the field of Swiss value added tax (VAT): The concept of mediation is to be interpreted in the same way as under the old VAT law (MWSTG), valid until 31st December 2009.
Publication in the journal “Expert Focus”
“Many foreign companies provide electronic services (e.g. cloud computing, software, server facilities, online films, music, books.) to non-taxable private individuals based in the European Union (EU). However, only a few of them are aware that specific regulations for charging and reporting Value Added Tax (VAT) have to be applied – never mind if these companies have a presence in the European Union or not.”
On 12th November 2014, the Federal Council adopted two amendments to the VAT provisions. On the one hand these are concerned with the VAT liability of foreign companies in Switzerland, and on the other hand with group taxation for pension funds. The amendments shall enter in force as of 1st January 2015.
US companies providing electronic services (e.g. cloud computing, software, server facilities, online films, music, books.) to non-taxable private individuals based in the European Union (EU), specific regulations for charging and reporting Value Added Tax (VAT) have to be applied. This impacts all companies – never mind if these companies have a presence in the European Union or not.