Switzerland Tax Agency Issues VAT Guidance on Flat Tax Rates

The Swiss Federal Tax Administration Feb. 25 issued VAT guidance on flat tax rates. The guidance includes: 1) an explanation of the flat rate tax method (PSS method), including its legal basis; 2) information about who can use the PSS method, including sales of operating resources, fixed assets, and capitalized services and the option for taxation of excluded services; 3) information for newly taxable persons about when to begin applying the PSS method, specifically with respect to goods and services and debtors and creditors; 4) an exemption for travel and related services provided by travel agencies; 5) reporting procedures, settlement ...