Swiss referendum gives green light for digital streaming ‘Lex Netflix’ levy where foreign services do not invest in local production Swiss voters on 15 May agreed to introduce a 4% levy on providers of digital streaming services such as Amazon, Disney+ and Netflix. This is
Switzerland is to hold a referendum on 15 May to introduce a 4% levy on providers of digital streaming services such as Amazon, Disney and Netflix. This is expected to generate between CHF18 million ($19.3 million) and CHF30 million a year for the Swiss film
Swiss referendum on digital streaming ‘Lex Netflix’ levy where foreign services do not invest in local production Swiss voters on 15 May agreed to introduce a 4% levy on providers of digital streaming services such as Amazon, Disney+ and Netflix. This is expected to generate
Tax loophole to be closed by making platforms responsible for VAT Switzerland is set to follow the EU by imposing deeded supplier obligations on digital platforms. This makes them responsible for the VAT charging and remittance on low-value imported consignments being sold to consumers. Need
Pension deficit from ‘Baby Boomers’ prompts National Council to approve national referendum on VAT rise An ageing population, and funding shortage in the public pension system (OASI), has led to the National Council and Council of States to approve a national referendum on increasing the
Switzerland imposed Value Added Tax on digital or electronic services in 2010. There is a global income VAT registration threshold of CHF100,000. At VAT Calc, we track global VAT and GST on digital servicesto follow which countries are implementing their VAT or GST on non-resident
The Swiss Federal Council has issued several proposals to the Parliament to broaden the VAT rules on foreign e-commerce platforms via the deemed supplier, and introduce a voluntary annual VAT return with instalment payments. Lastly, there is also a proposal to effectively withdraw the Fiscal
