- Swiss Federal Council confirms partial revision of VAT law coming into force on 1 January 2025
- Companies registered for Swiss VAT can report VAT annually starting from 2025
- New rules waive obligation to appoint fiscal representative for foreign taxpayers
- Joint liability for managing directors for VAT-related debts introduced
- Conditions for annual VAT reporting include annual taxable turnover not exceeding CHF 5,005,000
- Advance payments required for annual VAT reporting, assessed by SFTA based on previous tax period
- Late payment interest may be levied by SFTA on payments after deadline
Source: taxathand.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.
