- Switzerland is undergoing a partial revision of its VAT law
- Changes include tightening regulations, closing tax loopholes, and introducing measures for more efficient fraud prevention
- The changes are expected to come into effect on January 1, 2025
- Trading emissions rights and certificates will now be subject to VAT, including transactions with foreign sellers
- Sellers of emissions rights must make system adjustments and stop showing VAT on invoices from 2025
- Buyers of emissions rights must start accounting for VAT from 2025
- Changes in platform taxation aim to address the increasing number of untaxed foreign shipments into Switzerland
- Foreign sellers are required to register for VAT and comply with Swiss tax regulations
- The changes will take effect on January 1, 2025 and will impact sales made through electronic platforms
Source: taxpartner.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.
