- Swiss Federal Council confirms partial revision of VAT law to come into force on 1 January 2025
- Main changes related to government, public authorities, and NGOs discussed
- Redefinition of subsidy under VAT law
- Introduction of new provision specifying criteria for funds to be considered as subsidy
- Public authorities must communicate to recipient if funds provided constitute a subsidy
- Subsidies and public law contributions are not subject to VAT
- Extension of scope of VAT exempt without credit supplies to nonprofit institutions
- Religious or ideological purpose no longer required for VAT exemption for loaning staff by nonprofit institutions
- Change likely to encourage loaning of staff by nonprofit institutions
Source: taxathand.com
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.
