Last month, the Swiss Federal Tax Authority (“FTA”) announced that the VAT reform measure in relation to low value imports would be postponed from 1 January 2018 to 1 January 2019. Overseas sellers, no doubt impacted by the revised law, will be pleased with this delay, provided they are even aware of the upcoming changes.
The tax world is constantly changing whether it be as a result of new domestic laws, international reform or changing approaches by tax authorities. An approach to tax which is responsible, sustainable and underpins wider commercial objectives, can enhance growth.
Action 13 of the OECD’s BEPS project defines a revised transfer pricing documentation structure with new and additional content compared to the past documentation standard. A new standard that has already been implemented in many countries, and others are currently following.