- Invoices are crucial in VAT as they allow for the passing on of VAT to customers and for companies to reclaim input tax.
- Switzerland has traditionally had two invoice formats: paper and electronic.
- However, with the upcoming revision of VAT Info 16, a third format, digital invoices, will be introduced.
- The Swiss Value Added Tax Act defines an invoice as a document that bills payment for a service, and electronic invoices are recognized as having the same legal consequences as paper invoices.
- The new rules aim to create legal certainty for companies dealing with non-paper invoices.
- The FTA’s draft revision shows that electronic receipts will continue to be treated equally with paper receipts, but the definition of an electronic invoice will be removed and replaced with a note stating that paper, electronic, and digital invoices will be treated equally.
Source: primetax.ch
