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The International Tax Review (ITR), is a world recognised authority and publisher for tax professionals in industry, government, private practice and research and have just awarded Deloitte Switzerland with the accolades of being the Swiss Tax Firm of the Year and the Swiss Transfer Pricing Firm of the Year for the 9th time.
We would like to invite you to our upcoming event addressing the intersection between trade and financial sanctions on Tuesday 21 September at 15:30 (CEST) at our Deloitte premises, Rue du Pré-de-la-Bichette 1, 1202 Geneva.
The new Swiss-French convention on precious metal and multi-metal articles: An extended trade facilitation opportunity
As a positive example of enhanced cooperation, Switzerland and France have agreed to broaden the scope of their bilateral agreement on precious metals. The agreement now includes multi-metal goods.
The revised Swiss customs tariff: An opportunity to bring your master data management to the next level
The Swiss Federal Customs Administration has adapted to emerging trends and technologies in revising the Swiss customs tariff. This gives you an opportunity to review your existing product classifications and optimise your trade-related master data management.
In the case C-812/19 Danske Bank A/S v Skatteverket (Danske), the Court of Justice of the European Union (CJEU) has held that the Danish VAT group head office is a separate taxable person to its Swedish branch for VAT purposes. The Court also commented on the territoriality of VAT groups which may affect EU Member States with a “whole legal entity” VAT grouping approach.
The Swiss Federal Tax Administration (SFTA) has reacted to the Federal Court decision dated 21 February 2020 ruling out that there is a (partial) VAT succession for Asset Deals, and published its intended practice in a first draft.
The outlined practice implies a very strict and lean interpretation of the Federal Court Case. According to this practice, a VAT succession in case of a transfer of a partial business only applies if said transfer takes place between closely related parties. Further details around the implementation of the practice, such as whether the SFTA intends to audit the VAT belongings of a transferred partial business at the transferee and based on what documentation, were not mentioned. This is to be figured out based on the general rules applicable.
25 years of Swiss VAT – What a journey! Part 4: Swiss VAT and the partnership with the Principality of Liechtenstein
As of the introduction of VAT in Switzerland 25 years ago, the Principality of Liechtenstein adopted most of the technical articles of the Swiss VAT law. In honour of the close cooperation of the two countries, we want to provide an overview of key areas to be consider regarding Swiss VAT in cases with a connection to the Principality of Liechtenstein.