On 2 June 2017, the Swiss Federal Council announced that it has decided to bring into force the amendments made to the Value Added Tax (VAT) Act approved in 2016 ({News-2016-10-06/A/4- previous coverage}), which are meant to provide equal treatment to domestic and foreign suppliers. One of the main changes is that the VAT registration threshold of CHF 100,000 will be based on global turnover instead of just Swiss turnover from 1 January 2018. As such, foreign companies making supplies to Swi…