- Law No. RO 2024 485 amends the VAT ordinance in Switzerland
- Service providers must notify Tax Agency if they no longer reach turnover limit
- Changes in group representation must be announced to Tax Agency
- Clarification on services excluded from tax scope
- Taxpayers must request switch to annual reporting within 60 days of tax period start
- Margin tax can be applied by service suppliers under certain conditions
- Taxpayers must deduct activities at specified flat rate regardless of turnover
- Law comes into effect on Jan. 1, 2025.
Source: news.bloombergtax.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.
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