30 June 2017
Switzerland is proposing to amend the VAT law to state that suppliers with a global turnover exceeding CHF 100,000 (approx. £80,000), will have to register and account for VAT on supplies made in Switzerland.
Under the current VAT rules suppliers are only obliged to register in Switzerland if their supplies in the country exceed the CHF 100,000 threshold, however if these new rules are introduced this will no longer be the case and companies will have to look at their worldwide turnover to see if they exceed this threshold.
If accepted, then this will be implemented from 1 January 2018.
LATEST NEWS
Zanzibar implements VAT on e-services provided by...
Zanzibar, has introduced VAT at 15% on the supply of digital services to consumers by non-resident providers. Implemented in August 2024, this new tax...
SEE MORE
LATEST NEWS
Germany to introduce mandatory B2B e-invoicing and...
In November, Germany’s Ministry of Finance (BMF) published a new Frequently Asked Questions regarding the first phase of its e-invoicing mandate, which...
SEE MORE
LATEST NEWS
Cypriot government extends VAT rate cut on essential...
The Cypriot government has again extended the temporary reduction on the 5% and 19% VAT rates applied to certain essential goods until 31 December 2024. The...
SEE MORE