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…