REMINDER: Switzerland scraps low-value VAT exemption on e-commerce imports

7 January 2019

From 1 January 2019, the Swiss government has removed its low-value import VAT exemption on goods bought from foreign suppliers.

Previously, the threshold for the exemption was set at CHF 62.50 (approx. £50) for most goods and allowed importers to purchase goods VAT free from non-resident companies below this amount.

However, in an effort to remove the unfair advantage that gave non-resident providers over resident providers of the same goods, the Swiss government removed the low-value threshold from 1 January 2019. This now means that non-resident providers will have an obligation to register and account for VAT on the sale of the low-value goods when their annual sales exceed the CHF 100,000 (approx. £80,000) VAT registration threshold in the country.

The European Union is also planning the removal of its low-value consignment stock relief threshold in 2021.

LATEST NEWS

Lithuania considers a standard VAT rate increase

Lithuania is currently considering whether to increase its standard VAT rate by 1% from 21% to 22%. This is being proposed to help meet additional military...

SEE MORE
VAT news
LATEST NEWS

Brazil to introduce indirect taxes on digital service...

From 2026, Brazil will introduce two new indirect taxes that will replace its old tax system. These two new taxes will work in a similar way to VAT and are...

SEE MORE
VAT news
LATEST NEWS

Ireland increases the VAT rate applied on...

The Irish government has confirmed that from 1 January 2026, the VAT rate will increase from 9% to the standard rate of 21% for: Accommodation...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.