This chapter contains the following topics:
Value-added tax (VAT) is a noncumulative tax that is imposed at each stage of the production and distribution cycle. The ordinance requiring VAT in Switzerland became effective in January 1995.
Businesses in Switzerland are required to submit an official quarterly tax declaration, along with the payment for taxes due, within 60 days of the end of each quarter. In addition to this tax declaration, businesses are required to submit reports that list transactions involving VAT.
This table lists the country-specific setup and functionality for Switzerland.
Setup or Process | Description |
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User-defined codes (UDCs) | In addition to the standard software UDCs, set up UDCs to work with:
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Invoice processing | In addition to standard invoice processing, you can print invoices with an attached International Payment Instructions (IPI). To print these invoices and attachments:
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Intrastat and other European Union reporting | See "Setting Up European Union (EU) and SEPA Functionality" in the JD Edwards EnterpriseOne Applications Localizations for European Reporting and SEPA Processing Implementation Guide. |
ESR payment slips for invoices | To print invoices with the Einzahlungsschein (ESR) payment slip:
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Automatic debit processing | In addition to the standard setup for debit processing, for Switzerland, set up debit formats. |
Payment processing | To process payments for Switzerland:
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Tax processing | In addition to the standard processes for reporting value-added tax (VAT), to process VAT tax in Switzerland:
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