Federal Council adopts partial revision of the Value Added Tax Ordinance.

At its meeting on August 21, 2024, the Federal Council adopted a partial revision of the VAT Ordinance.

The changes concern the areas of platform taxation, annual billing, subsidies and cooperation between communities.

It also contains adjustments independent of the partial revision, in particular with regard to the balance and lump-sum tax rate method, group taxation and the extension of the portal obligation.

The partially revised MWSTV will enter into force at the same time as the amended MWSTG on January 1, 2025. Certain few provisions will only come into force on January 1, 2027.

Further information is available here and the explanations of the amendment to the VAT Ordinance here.