Indirect Tax in Tax and Legal blog
- Select a blog category
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.
The COVID-19 crisis has changed the world just significantly since the beginning of 2020. The Swiss government, as well as the VAT Authorities, have taken actions that aim to support liquidity management for businesses in these challenging times.
Indirect tax being everywhere, COVID-19 triggers VAT and customs challenges but also opportunities. In-house indirect tax teams must therefore stay tuned to help the business going through these turbulent times.
The Swiss Federal Tax Administration has published its practice on how foreign businesses are obliged to report their turnover – an English version of the respective VAT–Info Brochure is now available as well.
The EU VAT Quick Fixes coming into force on 1 January 2020, it is still time for businesses to assess their situation and review their processes in place for EU B2B intra-Community supplies
The breakfast events "Swiss & International VAT update 2019" took place on Tuesday, 12 November 2019, in Zurich and Wednesday, 13 November 2019 in Geneva.
The VAT landscape and requirements for VAT professionals are constantly changing resulting in unknowns and uncertainties. Getting VAT wrong can greatly impact your organisation, in terms of additional costs, stiff penalties imposed by the authorities or missed opportunities to simplify.
Our Global Trade Events - digitising customs documents and preference management were hosted on Thursday, 10 October 2019, Geneva and Tuesday, 29 October 2019, Zurich.
About the event:
Do you struggle to keep track of your customs documents such as proof of delivery or certificates of origin?
Many of you know the situation. Whenever there is an audit or the need to collect proof of delivery for a specific shipment or even worse, all shipments within a certain period, a cumbersome searching process begins. The complexity of product flows increases every day and the ability to manage the paperwork can not be neglected anymore.
Considering this, we designed Blockchain and SAP GTS based solutions to help you address and manage global trade-related documentary requirements. In a quick and streamlined way, you will have access to the respective documents, no matter how complex your sourcing, production or export processes are.
Swiss VAT payers need to get prepared
In July 2018 the Swiss Federal Tax Administration (“SFTA”) informed VAT payers that the electronic VAT return will become the new standard and that Swiss VAT registered businesses will no longer have the possibility to file VAT returns on paper. The SFTA has not yet published any information with regards to when electronic filing will become mandatory. In a VAT specialist convention, however, they recently indicated that the 4th quarter 2019 VAT return should be the last return being accepted in paper format.
As per Morgan Stanley CJEU judgment (C-165/17, 24 January 2019), EU branches incurring VAT on expenses used wholly or partly for EU head office supplies, must consider the activity of the head office to determine their VAT recovery calculation.
Beginning on 1 January 2019, the corporate fee for radio and television will be device-independent and based on the worldwide turnover businesses declare in their Swiss VAT returns.