Angelina Sulzer
Value-added tax: What can be expected in 2019 and 2020?
This video gives us an insight into all the issues that will accompany us in 2019 and 2020 in the national and international VAT area.
Quick Read
Swiss VAT
On 1 January 2019, the mail order regulation came into force as the last stage of the partial revision of the Swiss Value Added Tax Act, which newly regulates the so-called small consignments when the turnover limit of CHF 100,000 is reached.
2019 is the year of terminological adjustments as a result of the amended Therapeutic Products and Money Laundering Act, the amended Medicines Licensing Ordinance and the tasks of the Federal Statistical Office in connection with the business registers.
The Swiss Parliament is intensively involved with VAT. The following topics are at the forefront of parliamentary deliberations:
- Increase of the turnover limit for tax liability;
- VAT relief for tourism;
- Tax reduction;
- Digitisation of the economy;
- Administrative simplifications;
- Shopping tourism;
2019 has presented us with a new levy: Since 01 January 2019, the FTA is responsible for collecting the corporate tax for radio and TV. The past months have shown that there is important potential for optimisation.
OECD
At the Global Forum on VAT in Melbourne, Australia, 20-22 March 2019, the OECD report on the role of digital platforms in VAT collection in online business was adopted.
EU VAT
The magic word in EU VAT law is "simplifications".
On 1 January 2019, simplification was introduced concerning B2C intra-EU telecommunications, broadcasting and electronic services.
From 1 January 2020, simplifications will be introduced with regard to intra-Community deliveries, chain transactions and consignment stocks.
Conclusion
Performing a VAT risk and process analysis is an important step towards tax and process optimization and towards building and expanding very effective competitive advantages.
