VAT management
Whether you're a company based in Switzerland or planning to import goods into the country, it's vital to be aware of the specific rules governing VAT.
VAT accounting methods
Businesses can choose between two methods for calculating VAT: the ordinary system and the flat-rate system.
Ordinary regime
The ordinary system involves precise accounting of VAT-related income and expenditure. Companies choosing this method must keep detailed accounts of their financial transactions in order to correctly calculate the VAT due.
Companies must record all VAT-related transactions, including sales, purchases, receipts and payments.
Companies must submit periodic declarations to the tax authorities to account for their activities and pay the VAT due.
This system is particularly suited to companies with complex or varied transactions.
Flat-rate system
The flat-rate system is a more simplified option for small businesses. Instead of recording each transaction individually, these companies apply a flat rate to their sales, regardless of actual expenses.
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VAT registration in Switzerland
The Federal Tax Administration (FTA) plays an essential role in tax administration in Switzerland. It is responsible for ensuring compliance with tax obligations, including those relating to VAT administration.
Any company carrying out a sales annual turnover in excess of CHF 100,000 must register for VAT in Switzerland. This registration is compulsory and must be made with theAFC.
Please note that companies based abroad may be obliged to register from their first sale in Switzerland, without exceeding sales of CHF 100,000.
What we offer
Our fiduciary offers services to help companies manage VAT in Switzerland. You can rely on our expertise to simplify your administrative procedures and avoid any risk of tax-related fines or penalties.
- VAT registration
- Periodic VAT statements
- Personalized tax advice
- Meticulous compliance with regulations
accounting? We've got you covered.
Frequently asked questions
What are the current VAT rates in Switzerland?
In Switzerland, there are three VAT rates: 7.7%, 2.5% and 0%. The applicable rate depends on the class of goods and services supplied.
How do I register for VAT in Switzerland?
To register for VAT in Switzerland, you'll need to complete a registration form with the Swiss Federal Tax Administration (FTA) and provide the required documents.
What are the penalties if I make a mistake on my tax return?
If you make a mistake on your tax return, you could be subject to fines or flat-rate penalties. So it's vital to be accurate when calculating and paying VAT.
What are the advantages of working with your trustee?
Calling on our fiduciary to manage your VAT allows you to benefit from professional expertise and save time in your administrative procedures.
Contact us
- Solid expertise
- Total transparency
- Customized services
We're here to simplify your VAT management in Switzerland, so you can concentrate on what matters most to you: your business.