- Swiss VAT and Tax Representation: The guide explains the importance of appointing a tax representative in Switzerland for businesses selling products and services there, to comply with Swiss VAT laws and maintain competitiveness.
- VAT Registration and Rates: Businesses must register for VAT in Switzerland if their turnover exceeds CHF 100,000. The standard VAT rate is 7.7%, with reduced rates of 3.7% and 2.5% for certain goods and services, increasing to 8.1%, 3.8%, and 2.6% respectively from January 2024.
- VAT Return and Compliance: After obtaining a Swiss VAT number, companies must file VAT returns quarterly, declaring income generated in Switzerland and converting sales amounts from euros to Swiss francs. Import taxes can be deducted as input taxes.
- Customs Account for Imports: Companies importing goods into Switzerland must open a customs account with the Federal Customs Administration, which facilitates electronic tax payments, extended payment terms, and simplified customs procedures.
- Delivery Options and Incoterms: The guide highlights the importance of delivery methods like DDP (Delivered Duty Paid) for a seamless customer experience, as it includes all costs and responsibilities, avoiding additional charges for the buyer.
Source Eurofiscalis
See also
