The Swiss Federal Council will largely put the partial revision of the Value Added Tax Act (MWSTG) into force on 1 January 2018.
According to the Federal Council's press release of 2 June 2017, the partial revision of the Value Added Tax Act (with the exception of the mail order regulation) will come into force on 1 January 2018. A major innovation is the inclusion of worldwide turnover in the assessment of a company's mandatory tax liability.
In contrast, the so-called mail order regulation will not come into force until 1 January 2019. Under this scheme, mail-order companies will be taxable themselves from 2019 if they achieve a turnover of at least CHF 100,000 per year with import-tax-free small consignments.
The media release dated 2 June 2017 provides information on further innovations and the financial implications. The amendments to the VAT Act of 30 September 2016 (legal text) are available here.
