Understanding Swiss VAT

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.