Switzerland Tax Agency Seeks Comments on Draft VAT Practical Guidelines on Input VAT Deduction

The Swiss Federal Tax Administration Feb. 10 opened a consultation on draft VAT practical guidelines on input tax deduction. Topics covered include: 1) the standard VAT rate of 8.1 percent, reduced VAT rate of 2.6 percent, and special VAT rate of 3.8 percent, effective Jan. 1, 2024; 2) basics of input tax deduction, including an overview of purchase tax, import tax, domestic tax, fictitious input tax, and conditions for input tax deduction; 3) exclusion of the right to deduct input tax and reduction of the input tax deduction, including input tax deduction for services exempted from tax; 4) input tax ...