The Swiss Federal Tax Administration issued a release on 18 March 2022 announcing that the Federal Council has approved an increase in the VAT registration threshold for non-profit sports and cultural associations, as well as non-profit institutions (charities). With effect from 1 January 2023, the turnover threshold for VAT registration will be increased from CHF 150,000 to CHF 250,000. VAT-registered associations and institutions with turnover below the increased threshold will need to sub…