31 August 2017
The Swiss tax authorities have confirmed that they are amending their VAT Act from 1 January 2019 to state that non-resident mail order companies, which generate a turnover of more than CHF 100,000 of low value consignment sales in Switzerland, will have to VAT register and charge VAT on their sales in the country.
Currently in Switzerland, the Federal Customs Administration waives import VAT on low value consignments that have a VAT amount of CHF 5 or less. This allows non-resident mail order companies to avoid registering and charging VAT to their customers, even if their total sales go above the country's CHF 100,000 registration threshold.
In an effort to remove the disadvantage that this gives resident companies who sell the same products and have to charge VAT, the Swiss tax authorities have stated that from 1 January 2019 non-resident providers will have to register if their sales in the country exceed the CHF 100,000 limit.
LATEST NEWS
Does a UK e-commerce business need an IOSS...
From 1 July 2021, the EU’s new e-commerce VAT reforms will be introduced allowing sellers to no longer pay import VAT at clearance on low-value consignments...
SEE MORE
LATEST NEWS
Lithuania cuts hospitality VAT to 9% until 31 December...
Lithuania will cut the VAT rate applicable to hospitality, sporting, and cultural services from the standard VAT rate of 21% to the reduced rate of 9%. To...
SEE MORE
LATEST NEWS
Belgium to cut e-book VAT rate from 1 January 2022
From 1 January 2022, the Belgium tax authorities have confirmed that the VAT rate on the sale of e-books, e-manuals, e-newspapers, and e-magazines sold online...
SEE MORE