VAT News

Switzerland-registration reminder

Prior to 2017, businesses, both resident and non-resident in Switzerland, were required to register for Swiss VAT where revenue from taxable supplies made within Switzerland exceeded CHF 100,000 in a 12 month period.

However, following amendments to the Swiss VAT law, the registration threshold now applies to worldwide revenue earned by the business, rather than solely income from Swiss taxable supplies.

This change was effective from 1 January 2017, and means that businesses making supplies within Switzerland must now be very aware of their compliance obligations, as it is likely that these will arise much sooner than they may have previously.

Related articles

South Dakota vs Wayfair Inc.

To combat the inequality, South Dakota brought a case against Wayfair Inc which said that even if the supplier had no physical nexus in the classic sense, they should still collect and remit sales tax on online sales, to level the playing field with suppliers who do have a nexus.

Read more
Russia-VAT rate increase

The Russian standard rate is to increase

Read more
Malta-VAT grouping

Multiple entities can now form VAT groups in Malta

Read more