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Global VAT Group COVID-19 Measures

Switzerland COVID-19 VAT Measures

Correct as of 3 April 2020

Companies are to be given the opportunity to extend payment deadlines without having to pay interest on arrears. For this reason, the interest rate will be reduced to 0.0% for VAT and customs duties, among other things, from 21 March 2020 to 31 December 2020. The Swiss Federal Tax Administration (SFTA) will therefore not charge interest on arrears during this period. In addition, the SFTA has been instructed to pay out VAT credits as quickly as possible without taking advantage of the payment deadlines.

For further information contact:

Florian Hanslik
PrimeTax AG

Zurich, Switzerland

E: florian.hanslik@primetax.ch
T: +41 58 252 22 15

 

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