6 January 2025
Switzerland’s Federal Tax Administration will impose “deemed supplier rules” from 1 January 2025 on digital platforms (such as Amazon) to charge, collect and remit VAT on sales of low value imported goods by non-resident suppliers.
Current rules allow low-value consignments with a value of up to CHF 65 (approx. £57) to be imported and cleared VAT-free. However, any seller that exceeds CHF 100,000 (approx. £88,000) in sales of low-value goods must VAT register and charge VAT on sales in the country. This leaves the current system susceptible to VAT fraud as many non-resident companies are ignoring these requirements.
Switzerland has confirmed that the deemed supplier regime will not be extended to the sale of digital services.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
VAT Gap Report - 2022 estimate of lost EU VAT shows...
According to the annual VAT Gap report, an estimated €89 billion in VAT revenue was lost within the European Union (EU) due to non-compliance or...
SEE MORE
LATEST NEWS
Estonia confirm mandatory B2B e-invoicing from 2027
During December 2024, the Estonian tax authorities published an update on its proposed mandatory e-invoicing rollout, confirming a new launch date for...
SEE MORE
LATEST NEWS
IMPORTANT: Slovakia VAT increase from 20% to 23% from...
A reminder that from 1 January 2025, the standard Value Added Tax (VAT) rate in Slovakia will increase from 20% to 23%. In addition to the standard rate rise...
SEE MORE