Indirect Tax

Swiss pension funds pay too much VAT

In institutional fund management business, fund managers often receive their management fees directly from the investors in the fund (e.g. Swiss pension funds) rather than from the fund itself. Previously, the payment of these fees triggered Swiss VAT (currently 7.7%), albeit incorrectly.

Swiss VAT rate reduced as of 1 January 2018

Swiss voters said no to the reform of the pension scheme. As a result, Swiss VAT rates will be reduced. Taxable persons must be ready as of 1 January 2018 - a very short deadline.

VAT Act: Swiss Parliament released final version

Today, both chambers of the Swiss Parliament unanimously approved the partially revised VAT Act. It is expected to enter into force on 1 January 2018. Tax Authorities expect around 30,000 new taxpayers – for the most part foreign companies. What are the most important changes and the important actions that need to be taken?

Brexit: What does it mean for customs and VAT?

So, 52 percent of the British have voted to leave the EU yesterday, sending shockwaves around the world. What now? This article provides a snapshot of what could be the future from an indirect tax perspective.

Swiss IHQs: 6 questions on upcoming tax developments

The tax world is currently undergoing significant and very rapid changes. In such a shifting environment, International Headquarters’ tax professionals should have in mind 6 questions.

European Action Plan on VAT – important but not (yet) urgent

The Executive Body of the European Union is committed to deliver on its 1993 promise of a single VAT area. In addition the Commission wants to close the VAT gap - the difference between tax due and tax collected. Lastly, a "modernized rates policy" shall reflect recent trends of digitization and tackle unfair tax rate competition.
10 1