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

Malaysia-GST 'scrapped' from 1 June 2018

Malaysia has announced GST will be reduced to 0% from June 2018

Read more
GCC-Kuwait to postpone VAT implementation

Kuwait's parliament budget committee has announced the postponement of the VAT implementation until 2021

Read more
Australia-Changes for non-established accommodation suppliers

In the recent budget, it was announced that non-Australian entities making supplies of accommodation may be brought into the GST net

Read more