31 October 2017
Switzerland has now amended their VAT law to state that, from 1 January 2018, 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 when 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.
LATEST NEWS
Sri Lanka defers non‑resident VAT on B2C...
Sri Lanka’s Inland Revenue Department (IRD) has announced a further deferral of VAT on digital services supplied through electronic platforms by...
SEE MORE
LATEST NEWS
Germany provides further guidance on how e-invoicing...
The German Ministry of Finance (Bundesministerium der Finanzen, BMF) has updated the e‑invoicing frequently asked questions on its website. The updated FAQs...
SEE MORE
LATEST NEWS
Slovakia proposing to extend domestic reverse charge...
Slovakia is considering expanding its domestic “reverse charge” VAT rules to certain higher risk services. The sectors reported to be in scope include IT...
SEE MORE