The Swiss government's Federal Finance Department (le Département fédéral des finances – DFF) has issued, to all interested parties, a government order outlining the proposed new value added tax (VAT) law as part of its consultation process.
The order sets out the proposed new law governing VAT in Switzerland, which was adopted by parliament on June 12, 2009, and is designed to simplify the existing VAT system and to improve legal certainty and transparency. It contains over 50 amendments. Interested parties are invited to examine the order and contribute any suggestions they might have.
The order represents another important milestone in the ongoing reform of VAT in Switzerland. The reform is designed to simplify existing legislation in place and to reduce the administrative burden on taxpayers. The order replaces much of the federal Tax Administration’s current publications.
At a later stage, the reform proposed by the Federal Council also envisages the introduction of a single VAT rate of 6.1% throughout the country, heralding the abolition of the vast majority of existing tax exceptions.
The consultation is set to last until October 9, and the new law and its order of execution are due to enter into force from January 1, 2010.
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