Indirect Tax in Tax and Legal blog

Deloitte is Swiss Tax Firm of the Year and Swiss Transfer Pricing Firm of the Year for the 9th time

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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.

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Posted on 14/09/2021 | 0 Comments

Deloitte Global Trade Event - the intersection between sustainability and customs and trade compliance

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Have you ever thought about the intersection between customs & trade and sustainability?

We would like to invite you to our upcoming event addressing this very important topic on Wednesday 29 September at 15:30 (CEST) at our Deloitte premises, Pfingstweidstrasse 11, 8005 Zurich.

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Posted on 14/09/2021 | 0 Comments

Deloitte Global Trade Event - the intersection between trade and financial sanctions

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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.

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Posted on 8/09/2021 | 0 Comments

The new Swiss-French convention on precious metal and multi-metal articles: An extended trade facilitation opportunity

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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.

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Posted on 3/09/2021 | 0 Comments

The revised Swiss customs tariff: An opportunity to bring your master data management to the next level

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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.

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Posted on 21/07/2021 | 0 Comments

EU VAT - Financial services – Danske Bank A/S v Skatteverket (C-812/19)

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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.

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Posted on 25/03/2021 | 0 Comments

VAT succession in the frame of an Asset Deal – draft practice published

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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.

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Posted on 8/02/2021 | 0 Comments

DAC6 x Brexit – UK largely opts out from DAC6

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HMRC have done their best Santa impression over the festive period and delivered a surprise package of their own.

The key impact is the removal of 4 out of 5 hallmarks. This will result in a much narrower implementation than previously envisaged and one that was not expected.

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Posted on 5/01/2021 | 0 Comments

25 years of Swiss VAT – What a journey! Part 4: Swiss VAT and the partnership with the Principality of Liechtenstein

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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.

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Posted on 28/12/2020 | 0 Comments

Building a resilient and compliant supply chain - Join our Global Trade virtual event on 10 December 3.00pm (CET)