Archiv der Kategorie: English

Value Added Tax (VAT) still the most important tax revenue for the Confederation

Just after Easter the Federal Department of Finance published the most recent figures on the Confederation’s Tax Revenues 2014. They show that Value Added Tax (CHF 22.613 bn) brings in considerably more than the Direct Federal Tax (CHF 17.975 bn). … Weiterlesen

Veröffentlicht unter English, Praxis ESTV, VAT consulting | Verschlagwortet mit | Kommentar hinterlassen

How 20% becomes 50% or restriction of the private use deduction for VAT purposes

Since 1.1.2010 employees are no longer related persons for VAT purposes. For supplies to employees in principle the consideration paid is definitive for VAT. If an employee receives a supply free of consideration, VAT is therefore not payable. Supplies by … Weiterlesen

Veröffentlicht unter English, Praxis ESTV | 2 Kommentare

For the FTA the Euro-cap is falling only in instalments

On the historical 15 January 2015 Switzerland stopped defending the Euro-cap. Even then we were already wondering what effects that would have on the exchange rate with the FTA. For purposes of calculating the VAT payable considerations in a foreign … Weiterlesen

Veröffentlicht unter English, Praxis ESTV | Verschlagwortet mit , , | Kommentar hinterlassen

And if the energy tax does come?

Then VAT will be abolished. And I would have to worry about my work and our staff. But there’s no reason to do so; firstly it will be some years (at least until 31 December 2020), before VAT is abolished. … Weiterlesen

Veröffentlicht unter English, Gesetzesänderung, Lenkungsabgaben, VAT consulting | Verschlagwortet mit , , | 1 Kommentar

For the FTA the Euro is still worth CHF 1.21

For purposes of calculating the VAT payable, foreign currency considerations are translated into the national currency at the date the tax claim arises. The taxpayer can choose whether he wants to apply the monthly average rate published by the FTA … Weiterlesen

Veröffentlicht unter English, Praxis ESTV | Verschlagwortet mit , | 3 Kommentare

Have there been any changes or not?

Unfortunately I have only just got round to looking at the FTA’s publications of 19 and 30 December 2014. On these dates the FTA announced on its website that changes had been made in 10 VAT practice and industry infos … Weiterlesen

Veröffentlicht unter English, Praxis ESTV | Verschlagwortet mit , , | 1 Kommentar

You can’t sweet talk the Federal Court

The Federal Court upheld the appeal by the FTA against a Federal Administrative Court judgement. The honey and flower small retailer was found liable to pay the FTA an additional tax amounting to CHF 731.35. In contrast to the Federal … Weiterlesen

Veröffentlicht unter English, Litigation, Praxis ESTV | Verschlagwortet mit , , | 1 Kommentar

On 1 January 2015 Swiss VAT is 20 years old

On 1 January 2015 the VAT is 20 years old. Time for a brief review of how VAT, the tax receipts and court judgements have developed.

Veröffentlicht unter English, Litigation, Praxis ESTV | Verschlagwortet mit | 1 Kommentar

The French SNCF becomes the Swiss SBB

At the last weekend the Sunday press published some tips on how to save money on rail tickets. As I travel “free” with a GA (general season ticket), the article didn’t interest me particularly. But my interest in the article … Weiterlesen

Veröffentlicht unter English, International VAT, Praxis ESTV | Verschlagwortet mit , , , | Kommentar hinterlassen

Perhaps from 1.1.2015 the net is not enough – a review is worth while (Correction)

The Net Tax Rates (NTR) for architects and engineers is already now 6.1% Last week the FTA published Changes in some Net Tax Rates (NTR) at 1.1.2015. 30 industries/activities are affected by these changes. In most cases the FTA has … Weiterlesen

Veröffentlicht unter English, Gesetzesänderung, Praxis ESTV | Verschlagwortet mit , , | Kommentar hinterlassen