Other things that may interest you.
New Value-Added Tax Act from 1.1.2010
The main changes:
- VAT liability threshold: turnover of CHF 100 000
- Settlement at the net tax rate is possible up to turnover of CHF 5 million
- The 50% reduction of input tax on food and drink no longer applies
- Own use is now only calculated as a correction of input tax deducted
- Effective reporting method replaces marginal taxation system.
Increase of value-added tax rates from 1.1.2011
(more detailed information to follow).