- Switzerland will strengthen VAT compliance obligations for online marketplaces and sellers starting from January 1, 2025
- Previously, foreign companies were only required to collect Swiss VAT if their annual turnover exceeded 100,000 CHF on “small shipments”
- New rules will apply to marketplaces facilitating sales of physical goods to Swiss customers, regardless of the company’s location
- Marketplaces must register with Swiss tax authorities if their turnover exceeds 100,000 CHF
- They are responsible for collecting, declaring, and paying Swiss VAT on all sales made through their services
- Swiss customs can refuse entry of goods imported by non-compliant platforms or merchants
- Exceptions apply for small shipments valued under 62 CHF or 200 CHF for goods with a reduced rate
- Merchants already registered for VAT will need to adjust to the new regulations
Source: ayming.fr
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.
