On 15 August, Switzerland’s Federal Council confirmed that it will scrap the low value VAT exemption on imports of goods bought from foreign e-commerce providers. The current threshold is CHF 62.50 for goods with a standard rating of 7.7% Swiss VAT. The threshold on books is CHF 200 since they attract only 2.5% VAT in Switzerland. The dropping of the exemption will come into effect on 1 January 2019.
Any non-resident online retailer selling more than CHF100,000 per annum to Swiss consumers will need to VAT register in Switzerland, and charge VAT. This requirement was introduced on 1 January 2019.
The measure had originally been intended for implementation on 1 January 2018.
The European Union is proposing a similar removal of its low-value consignment stock relief threshold for 2021. The threshold in the EU28 member states averages €20 per consignment.
On 15 August, Switzerland’s Federal Council confirmed that it will scrap the low value VAT exemption on imports of goods bought from foreign e-commerce providers. The...
Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug fixes....
Overview This release is a maintenance release of the VAT Reporting application for the month February. It includes new reports for 2018 and bug fixes....
