Indirect Tax in Tax and Legal blog
Upcoming Revision of the Swiss VAT Law – Draft publication of the guidelines regarding the new e-commerce rules has been published by the SFTA on 9 July 2024
The Swiss Federal Tax Administration has released on 9 July 2024, the first draft of the guidelines for the new e-commerce Swiss VAT rules, which are set to take effect as of January 1st, 2025. More details on this can be found in our previous blog post (link).
The guidelines – through a completely new sector VAT info n° 27 - confirm and provide detailed information on the SFTA's position regarding different aspects of the new provisions. This includes description of various scenarios when a platform should be considered a deemed supplier, the conditions under which the rules are applied, and the reporting and formal obligations that platforms may have. A significant change outlined in the guidelines is that platforms, whether facilitating the supply of goods or services, shall have a recurring yearly obligation to disclose information to the SFTA if certain thresholds are met regardless of whether the supplies are in scope of the current platform rules. This introduces a new reporting obligation for platforms in Switzerland, which shall, according to the draft VAT info, be submitted electronically.
This blog aims to provide a brief overview of the main points that were published in the draft guidelines. Note, however, that they are still under consultation until 23 August 2024 and are pending confirmation from the Federal Council. Modifications of the guidelines are, therefore, still possible.
Upcoming revision of the Swiss VAT Law – introduction to the changes coming into effect in the health sector
We continue our series of blogs (n°1, n°2, n°3, n°4, n°5) on the upcoming partial revision of the Swiss VAT Law (VATL), which will come into force on the 1st of January 2025. In this blog, changes related to the health sector are presented.
From 1 January 2025, there will be changes to the governing legislation, along with new additions to VAT exempt without credit supplies and VAT rates within the Swiss VAT law, that impact the health sector.
Upcoming revision of the Swiss VAT Law – introduction to the changes for government, public services and non-governmental organisations
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.
Join our special edition of our upcoming VAT Hybrid breakfast event on 6 June 2024 - simultaneously in Zurich, Geneva and virtually.
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.
Upcoming partial revision of the Swiss Value Added Tax Law (“Swiss VAT Law”) – Considerations for services provided by “Travel Agencies” and “Cultural Events”
Upcoming Revision of the Swiss VAT Law – Introduction of Annual VAT reporting and considerations regarding fiscal representation and joint liability of managing directors
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.
Upcoming revision of the Swiss VAT Law – Understanding the potential impact of the new e-commerce rules
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.
Upcoming Revision of Swiss VAT Law and published draft of the revised Swiss VAT Ordinance
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.
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: