– The implementation of deemed supplier regulations for online marketplaces. This mandates that online marketplaces must gather and remit VAT on sales of low-value imported goods from non-resident suppliers to Swiss consumers. This regime specifically applies to goods, not digital services.
– For streaming services in fields like culture, arts, sports, education, science, and entertainment, the “place of supply” will be considered where the recipient of the service is based.
– VAT on menstrual products will now be subjected to a reduced rate of 2.6%.
– Certain services will be exempt from VAT, including coordinated care services for curative treatments, travel services resold by travel agencies, and fees for participation in cultural events.
– Swiss tax authorities may opt to no longer mandate the appointment of a local fiscal representative for VAT-registered non-resident taxpayers.
Source: meridianglobalservices.com
