- Liechtenstein incorporated VAT amendments from Switzerland into national law
- Amendment of VAT Act introduced new rules for electronic platforms
- Amendment of VAT Law came into effect on January 1, 2025
- New VAT rules introduce tax responsibilities for electronic platforms
- Domestic platforms liable for VAT collection if annual threshold of CHF 100,000 reached
- Foreign platforms become VAT collectors under certain conditions
- Third-party suppliers have joint responsibility for VAT collection
- Electronic platforms facilitating supplies should establish new tax collection system
- Platforms should also be familiar with customs and export technicalities
Source: 1stopvat.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.
