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Swiss authorities confirmed new VAT rates
The Swiss authorities have confirmed that VAT rates will be reduced as from 1st January, 2018, as a result of the 24th September referendum. As anticipated, the standard VAT rate and the special rate for accommodation will be reduced to 7.7% and 3.7% respectively, although the reduced VAT rate applicable...
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Switzerland Tax News
Switzerland reforms VAT for overseas firms The Swiss parliament has formally agreed reforms to the country’s value-added tax (VAT) regime, these will make overseas firms obligated to impose VAT on all purchases and services. The aim is to safeguard Swiss firms from lower-priced competitors abroad. At present, online purchases from...
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