1st January 2024 VAT rise to fund pension reforms for ageing population An ageing population, and funding shortage in the public pension system (OASI), has led to the Swiss to vote in September 2022 for a rise in VAT rates from January 2024 as follows:
Switzerland’s Parliament agrees a range of compliance change to the VAT Act which come into effect on 1 January 2025. The main changes are listed below. Switzerland will raise VAT in 2024 to 8.1%. Marketplace deemed supplier VAT obligations, shifting the VAT collection obligations from
Digital platforms responsible for VAT calculations and collections for e-commerce goods of their third-party sellers Switzerland is to follow the EU by imposing deeded supplier obligations on digital platforms for goods. This makes them responsible for the VAT charging and remittance on low-value imported consignments
Federal Council mandates electronic VAT registration, payments and adjustments from January 2024 The federal cabinet of the Swiss Confederation, the Federal Council, is to mandate electronic VAT compliance. This is done via an update to the Swiss VAT ordinances and Art. 65a VAT Act. From
Withdrawal of CHF100,000 distance selling VAT registration threshold Switzerland is to follow the EU and many other countries by ending the VAT registration threshold for non-resident e-commerce sellers to consumers. The current threshold is CHF100,000 for all global income – so not just Swiss taxable
Swiss Federal Tax Administration to use VAT returns for new 4% levy on foreign TV streaming voted for in 2022 referendum Following 15 May 2022 referendum vote to impose a foreign streaming levy, the Swiss Federal Tax Administration has proposed to base the tax calculations
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 for 25 September
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
