{"id":38441,"date":"2024-12-23T09:16:24","date_gmt":"2024-12-23T08:16:24","guid":{"rendered":"https:\/\/fidulex.ch\/?p=38441"},"modified":"2024-12-23T09:19:10","modified_gmt":"2024-12-23T08:19:10","slug":"annual-vat-deduction-from-january-1-2025","status":"publish","type":"post","link":"https:\/\/fidulex.ch\/en\/annual-vat-deduction-from-january-1-2025\/","title":{"rendered":"Annual VAT statement from January 1, 2025"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"38441\" class=\"elementor elementor-38441\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f7b2ba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f7b2ba\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4dd4c4c\" data-id=\"4dd4c4c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-11211c0 elementor-widget elementor-widget-heading\" data-id=\"11211c0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Introduction<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b95cc0 elementor-widget elementor-widget-text-editor\" data-id=\"3b95cc0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"translation-block\">Starting from <strong>2025<\/strong>, Swiss businesses will have a new option for reporting VAT: the <strong>annual statement<\/strong>. Currently, businesses report VAT quarterly or semi-annually, which can be a significant administrative burden, especially for small enterprises.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-30597d3 elementor-widget elementor-widget-heading\" data-id=\"30597d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is the annual VAT statement?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f299fb3 elementor-widget elementor-widget-text-editor\" data-id=\"f299fb3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"translation-block\">The annual statement means that the businesses concerned will report and pay VAT only once a year, instead of multiple times throughout the year. This applies to the <strong>entire<\/strong> scope of their operations for the fiscal year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-263f8d9 elementor-widget elementor-widget-heading\" data-id=\"263f8d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Who can choose this option?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d153e35 elementor-widget elementor-widget-text-editor\" data-id=\"d153e35\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"translation-block\">This option is intended for businesses with an annual turnover not exceeding <strong>CHF 5,005,000<\/strong>. If your business generates a turnover below this threshold and is subject to VAT, you can, upon request, opt for the annual statement.<\/p><p class=\"translation-block\">To adopt the annual VAT statement starting from <strong>January 1, 2025<\/strong>, businesses must submit their request through the ePortal of the Federal Tax Administration (FTA) by February 28, 2025.<\/p><p class=\"translation-block\">In addition, their VAT statements must have been filed on time during the last <strong>three tax periods<\/strong>. Newly-taxed companies have 60 days after receiving their VAT number to make this request.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45f7010 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"45f7010\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/fidulex.ch\/en\/how-to-draw-up-a-vat-statement\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-Document-Search\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Find out how to prepare a VAT statement<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bb054b elementor-widget elementor-widget-heading\" data-id=\"4bb054b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Quarterly instalments<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8525210 elementor-widget elementor-widget-text-editor\" data-id=\"8525210\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"translation-block\">Even with the introduction of the annual statement, companies will still have to make <strong>quarterly installments<\/strong>. These installments will enable VAT payments to be spread over the year, and avoid a large single settlement at the end of the financial year.<\/p><p>Instalments are generally calculated on the basis of the VAT declared in the previous year, or an estimate provided by the company. Each quarter, the company must pay the set amount, and a regularization will be made at the time of the annual declaration.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>From January 1, 2025, Swiss companies subject to VAT will have the option of switching to annual invoicing. This measure is designed to simplify administrative procedures, particularly for small businesses. Here's what this means for you and your company.<\/p>","protected":false},"author":1,"featured_media":38443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[57],"tags":[],"class_list":["post-38441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualites"],"_links":{"self":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/38441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/comments?post=38441"}],"version-history":[{"count":10,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/38441\/revisions"}],"predecessor-version":[{"id":38452,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/38441\/revisions\/38452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/media\/38443"}],"wp:attachment":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/media?parent=38441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/categories?post=38441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/tags?post=38441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}