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Join our VAT Breakfast virtual event: Swiss & International VAT update on Tuesday, 8 December at 9am (CET)
Join our 2020 VAT Breakfast event virtually on Tuesday, 08 December at 9.00am (CET), where we will provide an update on Swiss and International VAT, as well as to connect together our VAT community.
About the webinar
The VAT landscape and requirements for VAT professionals are constantly changing, creating unknowns and uncertainties. Getting VAT wrong can seriously affect your organisation, in terms of additional costs, stiff penalties imposed by the authorities or missed opportunities to simplify. Especially these days organisations looking at their VAT departments and asking whether they can support with various measures financial performance.
Changing course: Tax policy implications of a Joe Biden presidency - Join our webcast on 10 November
Join our upcoming SAP S/4HANA webcast: SAP document compliance in a changing tax landscape on 11 November, 13.00 CET
Join our webcast: SAP S/4HANA: SAP document compliance in a changing tax landscape on Wednesday, 11 November 2020 at 13.00 CET.
In many countries, it is becoming a legal requirement for organisations to issue documents electronically to their business partners and tax authorities.
The ‘digital tax authorities’ now require to be provided more frequently with invoices, ledgers/registers/books on a (near) real time-basis. Due to the continuously changing digital reporting requirements, it can be a difficult process for tax functions to manage. What steps can your organisation take to prepare for the changes?
25 years after the introduction of VAT in Switzerland, we reflect on how the Swiss VAT landscape would look like if Switzerland were part of the EU.
In the wake of the COVID-19 pandemic, organisations are speeding their move to cloud-based ERP solutions—and leaders are increasingly recognising the importance of seating tax at the planning table.
As the COVID-19 crisis has made crystal clear, agility is key to survival in the face of disruption. Those organisations foresighted enough to have digitised, automated, and cloud-enabled their back-office processes have been able to pivot toward recovery. Those still pushing paper and working with on-premise systems have struggled. In a matter of weeks, the benefits of cloud-based back-office environments became painfully obvious.
25 years of Swiss VAT – What a journey! Part 2: How it all began or “Whoever invented that was a genius!”
With this blog –Part 2 in our series to celebrate 25 years of VAT in Switzerland – we take a look back on how it all began. Whilst customs duties have existed for very long time, the concept of a tax levied on consumption is relatively recent. We only need to go back to the 17th century to, when the first consumption tax was introduced for financing an army and to 1918, when so-called gross VAT was introduced in Germany, the precursor of net VAT with input VAT deduction that was introduced in Europe in the late 1960’s.
We are moving to a real time data driven tax function. In order to meet tomorrow’s tax challenges, organisations need sustainable tax and business processes using the latest technologies.
In 1995, Switzerland introduced its VAT system. Therefore Swiss VAT is turning 25 this year. However, the system as it stands today has undergone extensive renewals over the years. Deloitte Indirect Tax team values the achievement of the many amendments introduced and herewith starts with a series of blogs providing interesting facts around particular topics, which we hope you will enjoy reading.