Switzerland

Swiss scrap VAT exemption on foreign e-commerce 2019

August 17th, 2018

On 15 August, Switzerland’s Federal Council confirmed that it will scrap the low value VAT exemption on imports of goods bought from foreign e-commerce providers. The current threshold is CHF 62.50 for goods with a standard rating of 7.7% Swiss VAT. The threshold on books is CHF 200 since they attract only 2.5% VAT in Switzerland. The dropping …


Worldwide

VAT Reporting update 18.3.1

April 5th, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug fixes. Main changes in Reports We have improved the reporting of transactions with mixed flows on the PL, CZ and IT VAT Books. South Africa: standard VAT rate changed to 15% …


Switzerland

Swiss VAT on digital services

November 8th, 2017

Since 2010, the place of supply for VAT purposes of electronic supplies to Swiss consumers is Switzerland.  This means foreign providers of such supplies may have to register for Swiss VAT, charge and pay local VAT. This includes Liechtenstein, which is in a VAT union with Switzerland. Electronic and broadcast services liable to Swiss VAT The …


Switzerland

Switzerland cuts e-book VAT to 2.5%

October 21st, 2017

Switzerland is to reduce the VAT rate on e-books from 8% to 2.5% on 1 January 2018. This will bring the VAT rate on electronic books into line with that on printed books. The main Swiss VAT rate will also drop from 8% to 7.7% on the same date. The European Union has been debating …


Switzerland

Swiss VAT drops to 7.7% 2018

September 24th, 2017

On 24 September 2017, the Swiss population rejected a proposal to raise VAT to 8.3% from the current 8%. This proposal was in support of a pension reform package, including more flexibility around the retirement age, with increased contributions from employers and employees. As a result of this vote – 53% of voters rejected the …


Switzerland

Swiss cuts VAT threshold for foreign businesses

September 21st, 2017

From 1 January 2018, Switzerland will change the way it calculates the VAT registration threshold for non-resident businesses. Currently, foreign companies or individuals providing taxable supplies in Switzerland only have to VAT register if their Swiss sales exceed CHF100,000.  From 2018, this threshold will be based on total, global income of the business. Mail-order companies …