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.

MiFID II – Swiss VAT impact on service pricing

Under MiFID II, financial institutions providing both execution and research services must price and supply them separately (i.e. unbundled). As the separately supplied research service is subject to 7.7% VAT, the new rule will impact Swiss businesses providing or receiving research services.

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.

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

New Italian VAT measures on Inward Processing Relief

A law that introduces changes to the Italian value added tax (VAT) provisions - specifically concerning “inward processing relief” that is available for certain intra-EU transactions - came into force on 18 August 2015.

Swiss VAT updates: Filing VAT returns online

Switzerland has joined the club of the VAT returns online filing countries. As of September 8, 2015, VAT returns can be filed online on ESTV SuisseTax.