- The Federal Tax Administration (FTA) in Switzerland has published a draft practice statement on vouchers following a decision by the Federal Administrative Court.
- The practice statement introduces a distinction between service vouchers and value vouchers for VAT purposes.
- The FTA defines vouchers as entitling the holder to purchase services and goods, excluding discount vouchers or tickets for public transport, admission tickets, or stamps.
- Value vouchers are considered means of payment and are not included in the assessment basis for VAT, as long as no tax rate is shown on the voucher.
- Supply vouchers specify a specific or determinable supply and the tax becomes due at the time of receipt of the purchase price.
- The FTA provides examples to help taxpayers distinguish between supply vouchers and value vouchers.
- The FTA’s rules on vouchers in Switzerland may have parallels with the regulations in the EU regarding single-purpose and multi-purpose vouchers.
- It is recommended for voucher providers to familiarize themselves with the FTA’s rules and seek expert advice if needed.
Source: primetax.ch
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Switzerland"
- FTA to Discontinue “VAT Accounting Easy” Service from May 2026
- Federal Administrative Court Decision on VAT Input Tax Deduction Timing for 2020 Tax Period
- Federal Administrative Court Confirms Input Tax Deduction Reduction, Classifies SFOE Payments as Subsidies
- Swiss Federal Administrative Court Rules on VAT Reference Tax for Reinsurance Services
- Federal Administrative Court Confirms VAT Liability for Electronic Services from 2015-2020
