After Parliament passed a further partial revision of the VAT Act in summer 2023, this is now to come into force on 1 January 2025.
The Federal Council decided to bring it into force this autumn. The last partial revision took place on 1 January 2018.
These are the main changes from 1 January 2025:
- SMEs can now voluntarily settle VAT once a year,
- Various adjustments in the healthcare sector, where various services are now exempt from VAT,
- Subsidies will no longer be subject to VAT in future, provided they are expressly labelled as such by the paying institution,
- Online mail order companies abroad will become taxable with the introduction of so-called platform taxation (best regards from Temu).
Particularly the first point may be of interest to many SMEs in order to reduce the administrative burden. Details will be regulated in the yet-to-be-published VAT ordinance, which is expected to be published in October. You are welcome to contact us at that time to discuss your specific case.
The amendment to the VAT Ordinance will also fundamentally revise the balance and flat-rate tax rates. If you invoice with net tax rates, the new regulations must be checked after publication depending on the situation in your company.
