02.01.2019

Switzerland VAT news: VAT laws continue to change.

Switzerland VAT News: 2019 sees further changes to Swiss VAT law.Swiss VAT Changes 2019

Swiss VAT laws continue to change

Since 1 January 2018, any person or business with global turnover in excess of CHF 100,000 could be liable for VAT in Switzerland. As of 1 January 2019,  e-commerce businesses shipping packages to Switzerland also became VAT liable. This means that if you want to continue doing business in Switzerland, you need to register with the tax authority. 

Prior to 2019, no import VAT had to be paid when a consignment entered Switzerland if the value of the goods did not exceed CHF 65 (or CHF 200 for goods such as books that are subject to a reduced rate of VAT). So until now, customers haven’t had to pay any VAT on small consignments.

From January 1st 2019, small consignments sent to Switzerland from abroad are no longer exempt from Swiss VAT.  Any seller that makes more than CHF 100,000 a year - or the equivalent - on low-value goods now also needs to register for VAT in Switzerland and charge Swiss VAT to customers receiving such consignments. 

What should you do?

  • Check whether you exceed the CHF 100,000 threshold.
  • If you do, register with the Swiss VAT authorities.
  • Start charging your Swiss customers VAT (at 7.7% or 2.5% depending on the goods).

It is up to each vendor or business to assess their own Swiss VAT situation and register if they meet the requirements. International VAT compliance can be time consuming and costly for internal staff to manage due to it's ever changing and complex nature.

Taxback International's combination of knowledge based technology with our in-house expertise ensures 100% compliance, saving you time and money. 

Contact Us Today

Why choose Taxback International?

No risk – Unparalled expertise

Control - global transparency on a centralised platform accessible anywhere.

Transparency – Real-time transactional and historical detail

Scalable – Global VAT compliance footprint.

To get up to date with other VAT changes which have taken effect since Jan 1st 2019, check out our free VAT review.

Download The VAT Year in Review: 2018 eBook

We know that Indirect taxes such as VAT and GST can have a huge effect on your business. As VAT rates change sporadically keeping yourself informed can be difficult.  Digital VAT Compliance is always crucial. That’s why our Indirect Tax Experts share their hand-picked news stories every day that you need to know. From breaking news to VAT changes and new EU legislation. We know that relevant information means better decision making. We aim to be your number 1 source for VAT and GST news: VAT News

 +353 56 778 34 00  | vat@taxbackinternational.com 

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