Swiss scrap VAT exemption on foreign e-commerce 2019
- Aug 16, 2018 | Richard Asquith
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.
Need help with your Swiss VAT compliance?
Researching Swiss VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade.
Total results : 4
Union vs non-Union OSS: what’s the difference?
UK VAT Guide - Avalara
North America Country VAT Guide - Avalara
US 2021 sales tax updates for foreign businesses