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  • Announced new VAT rates in Switzerland

    Reduction on VAT rates in Switzerland Following our earlier announcements, the Swiss authorities confirmed that VAT rates will be reduced as from 1 January 2018 as a result of 24 September referendum. As expected, the standard VAT rate and the special rate for accommodation will be reduced to 7.7% and 3.7% respectively, whereas the reduced VAT rate applicable on food, water and other basic supplies will remain at 2.5%. New applicable VAT rates are shown in the table below:   Current...
  • Swiss VAT rates reduction since 2018

    Switzerland planes VAT rates reduction as from 1 January 2018. Current VAT rates are based on a temporary regime that ends on 31 December 2017, when the new reduced rates will apply. These rates are expected to be reduced as follows: Standard VAT rate will be reduced from 8% to 7.7% VAT rate on accommodation will be reduced from 3.8% to 3.7% Reduced VAT rates applicable on foodstuff, water and other basic supplies will remain at 2.5% These changes may...
  • End of low value consignment in Switzerland

    Switzerland on the low-value consignment stock relief Switzerland has announced plans to withdraw the low-value consignment stock relief. When is usually the relief scheme applicable? This relief is generally applicable in the European Union and Switzerland has traditionally mirrored the EU simplification. According to the EU rules, businesses established outside the EU and selling goods through the internet must charge import VAT on these goods when the value of the shipment exceeds a certain threshold. Member States have the option...
  • Foreign businesses to encounter registration threshold in Switzerland

    The government has initiated the legislative changes to introduce a registration threshold in Switzerland on foreign service providers. The suggested amount is CHF 100,000 with an equivalent amount of circa €90,000. If approved, the implementation of this threshold will allow some businesses that are currently registered in Switzerland to de-register and stop filing VAT returns in the country. This threshold would also apply to non-established companies in Switzerland. None of the Member States has a threshold for foreign non-established companies. Businesses...