Following on from the announcement on the digitisation of VAT registration and payment procedures in Switzerland, the Swiss Parliament approved the partial revision of the VAT Act on 16 June 2023, including major changes that will come into force on 1 January 2025.
Below is a (non-exhaustive) list of the main changes to Swiss VAT regulations from that date:
- Electronic platforms that bring together buyers and sellers of goods and services will be obliged to provide information about the latter.
In addition, and under certain specific conditions, they will assume the role of “presumed supplier”, as is currently the case for electronic interfaces in the European Union (regulation in force since 1 July 2021); - Les services donnant droit d’accès à un évènement (évènement culturel, artistique, éducatif, scientifique, sportif ou de divertissement) seront réputés être situés là où ils ont effectivement lieu lorsqu’ils sont fournis aux personnes physiquement présentes.
De la même manière, les services fournis en ligne seront réputés avoir lieu là où le destinataire est établi ou domicilié ; - Exemption for services provided by travel agencies;
- Application of the reverse charge mechanism for local transfers of emission rights (carbon allowances);
- Taxable persons with an annual taxable turnover of less than CHF 5,005,000 will be able to file annual VAT returns;
- A reduced VAT rate (2.6% from 1/01/2024) will apply to menstrual hygiene products;
- Etc…
For more information, please contact our experts.
Source: Federal Council (Switzerland) (in French)
