- Switzerland’s Value Added Tax Act will be partially revised and come into force on 1 January 2025
- Changes will impact e-commerce platforms, merchants, and travel agencies/tour operators
- Small and medium-sized enterprises (SMEs) with turnover up to CHF 5 million can report VAT annually from 2025
- The Net Tax Rate method for VAT reporting for SMEs has been overhauled to prevent tax optimization
- Input tax deductions can be corrected when changing reporting methods
- NTR method may become less attractive and more complex to use, prompting consideration of switching to effective reporting method
- Foreign taxpayers must switch to effective reporting method from 1 January 2025
Source: bdo.global
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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