- Switzerland’s federal tax agency has updated the value-added tax system effective January 1, 2025
- Companies with an annual turnover of up to CHF5,005,000 can now opt to file and claim input tax credits annually instead of more frequently
- Eligibility for annual filing requires a history of timely tax filings and payments
- Applications for annual filing must be submitted via the ePortal starting January 2025
- Changes back to more frequent filing must be requested by the end of February
- Annual filers must make instalments on May 30, August 30, and November 30, except for those using the net tax debt rate method who pay once by August 30
- Annual filing eligibility is lost if turnover exceeds the specified limit for three consecutive periods or if there are delays in filing or payment
Source: answerconnect.cch.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.
