Indirect Tax in Tax and Legal blog

Upcoming revision of the Swiss VAT Law – introduction to the changes for government, public services and non-governmental organisations

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We continue our series of blogs (n°1, n°2, n°3, n°4) on the upcoming partial revision of the Swiss VAT Law (rVATL), which will come into force on 1 January 2025. In this blog, changes related to government, public services and non-governmental organisations are discussed.

From January 1, 2025, a new definition of the concept of a subsidy and amendments relating to VAT exempt without credit supplies will be included in Swiss VAT law.

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Posted on 15/05/2024 | 0 Comments

Join our special edition of our upcoming VAT Hybrid breakfast event on 6 June 2024 - simultaneously in Zurich, Geneva and virtually.

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We would like to invite you to our upcoming special VAT Breakfast event. During the event we will provide you with insights from VAT considerations for Pillar II and Transfer Pricing discussions. In the virtual part we will also discuss the latest  updates on Swiss and EU developments. The event will take place on  Thursday 6 June 2024 in both Zurich and Geneva offices as well as partially online.  

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Posted on 22/04/2024 | 0 Comments

Upcoming partial revision of the Swiss Value Added Tax Law (“Swiss VAT Law”) – Considerations for services provided by “Travel Agencies” and “Cultural Events”

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Our Deloitte blogs (n°1, n°2 & n°3) on the upcoming partial revision of the Swiss VAT Law continues this time by presenting the upcoming envisaged changes for businesses providing services within the area of “Travel” and connected Sectors, such as in providing “Cultural events”.

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Posted on 17/04/2024 | 0 Comments

Upcoming Revision of the Swiss VAT Law – Introduction of Annual VAT reporting and considerations regarding fiscal representation and joint liability of managing directors

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Continuing our series of blogs (n°1 & n°2) on the upcoming partial revision of the Swiss VAT Law (rVATL), which will come into force on 1 January 2025, this blog presents the main changes in the area of VAT compliance and administrative obligations.

As from 1 January 2025, companies registered for Swiss VAT will be able to report VAT on an annual basis.

The partial revision also introduces new rules to waive the obligation to appoint a fiscal representative for foreign taxpayers and joint liability for managing directors for VAT-related debts.

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Posted on 27/03/2024 | 0 Comments

Upcoming revision of the Swiss VAT Law – Understanding the potential impact of the new e-commerce rules

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As announced in our previous blog, the Swiss Federal Council has confirmed that the partial revision of the Swiss VAT Law (rVATL), adopted by the Swiss Parliament in June 2023, will come into force on 1 January 2025. The revised law includes a wide range of changes, with the e-commerce rules one of the most significant.

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Posted on 15/02/2024 | 0 Comments

Upcoming Revision of Swiss VAT Law and published draft of the revised Swiss VAT Ordinance

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As announced in our previous blog, the Swiss Federal Council has confirmed that the partial revision of the Swiss VAT Law (rVATL) adopted by the Swiss Parliament in June 2023, will finally come into force as of 1 January 2025. The revised law includes a wide range of changes.

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Posted on 7/02/2024 | 0 Comments

12th Package of EU Sanctions against Russia – Here’s what you need to know

The 12th package of EU-Russia sanctions, adopted on 18 December 2023, adds comprehensive new measures to the existing Russia sanctions regime. Notably, these sanctions include an import prohibition on diamonds sourced from Russia, and the obligation for EU exporters of sensitive goods and technology to contractually prohibit re-exports to Russia. Additionally, a considerable number of new individuals were listed, alongside 29 additional entities restricted for their direct support to Russia’s military and related industries involved in the conflict in Ukraine. New enforcement and anti-circumvention measures have been introduced, with tighter compliance rules aimed at aiding the implementation of the price cap on crude oil and petroleum products and restricting the provision of crypto asset management services. It should also be noted that Switzerland has been designated as a partner country concerning measures related to iron and steel. Here’s what you need to know:

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Posted on 15/01/2024 | 0 Comments

Join our insightful upcoming VAT Hybrid breakfast event on 15 November 2023 - simultaneously in Zurich, Geneva and virtually

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We would like to invite you to our upcoming VAT Breakfast Event which will provide an update on recent Swiss and international VAT developments. The event will take place on Wednesday 15 November 2023 - at the same time in our Zurich and Geneva offices as well as online.

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Posted on 24/10/2023 | 0 Comments

CBAM: are you ready to comply?

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1. What is CBAM?
The Carbon Border Adjustment Mechanism (CBAM) is a regulation pushed by the EU in the context of the EU Green Deal.
Under CBAM, Importers into the EU must pay a financial adjustment for the emissions released during the production of certain carbon-intensive goods in third countries.
The goal of the legislation is to mitigate the risk of carbon leakage and ensure the effectiveness of EU climate measures.

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Posted on 4/10/2023 | 0 Comments

Recent Federal Court decisions create potential input VAT deductions due to changed qualification of flow of funds within the same public administration

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In two recent decisions, the Federal Court has clarified and partly redefined the concept of what should be considered as a subsidy or other public law contribution. It was especially clarified that the particular flow of funds within the same public administration does not fall into the definition of subsidy. In doing so, the Federal Court has partly overruled several years of administrative practice and has opened up the way for new input VAT deduction opportunities in public administrations.

To align with the decisions of the Federal Court, the Swiss Federal Tax Administration ("SFTA") has proposed to adapt the written guidelines in the draft VAT Info 19 on Public Bodies (“collectivités publiques”, “Gemeinwesen”). In principle the SFTA adapts its practice if the change is absolutely clear, notably to transpose a court decision or in case of legislative changes. All interested parties could take a position on this first draft until 3 October 2023.

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Posted on 4/10/2023 | 0 Comments