Proposed Amendments to Swiss VAT Act will Result in Greater Taxation of Nonresident Suppliers

The Swiss Federal Council has approved draft legislation amending the country's VAT Act that will result in greater VAT liability for non-resident suppliers. The main changes affecting non-residents include:

• The CHF 100,000 VAT registration threshold would be based on worldwide sales instead of just Swiss sales, and
• The general exemption from import VAT for small deliveries with a VAT amount of CHF 5 or less would no longer apply

The amending legislation has been submitted to parliament fo…