Archiv der Kategorie: English

We are now there – electronic VAT reporting has arrived.

After a test phase with four cantons (see my earlier blog) the FTA is now launching electronic reporting for all taxpayers. Officially it is to start on 1 September. According to information from the FTA, registration is, however, already possible … Weiterlesen

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

A stroke of luck – or how a mistake has a happy ending

Once again the FTA has had to accept defeat before the Federal Court (2C_334/2014 of 9 July 2015). Under discussion were the VAT consequences of the sale of pig farms. The procedure originally chosen was anything but optimal and with … Weiterlesen

Veröffentlicht unter English, Litigation, Real Estate, VAT consulting | 1 Kommentar

The FTA can forget its percentage calculations – Federal Court judgement on the 25/75% practice

With unusual clarity the Federal Court has found against the Federal Tax Administration (FTA). At issue was the tax liability of a foundation, which operates a museum. The FTA struck the foundation off the VAT Register as of 1.1.2010, because … Weiterlesen

Veröffentlicht unter English, Litigation, Praxis ESTV, VAT consulting | 1 Kommentar

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