Switzerland introduces new tax rules

Switzerland changes its rules in tax legislation. Changes concern companies and individuals who have business relations with Switzerland.

The party amends the method of calculating the guarantee for taxable persons not having their domicile or place of residence in Switzerland. Until now, individuals have had to pay a guarantee of at least 5000 and a maximum of 250,000 Swiss francs when they entered the VAT register. It can be paid in cash or by issuing a bank guarantee in Switzerland. From 1 August this year the warranty will be calculated as follows: 3% of the expected taxable turnover in the country (excluding exports) and payment of a guarantee of at least 2000 and a maximum of CHF 250 000. From the beginning of next year, foreign companies will be required to pay VAT in Switzerland at an annual turnover of 100,000 Swiss francs worldwide, as part of it is made in the country. To date, the requirement was that the turnover of 100,000 Swiss francs would be realized only in Switzerland. From January 1, 2019, and all those who send from abroad to the Confederacy the so- Small consignments exempt from import duty will be required to pay VAT at the amount of at least 100 000 Swiss francs per year.