Switzerland: Reclaiming Swiss VAT before June 30, 2020

May 20, 2020 | VAT Updates

VAT Updates Europe

Businesses without a Swiss establishment or VAT registration still have until the end of June 2020 to file their refund claim for Swiss VAT incurred in 2019. Please note that the deadline for any VAT refund claim remains 30 June 2020. The deadline cannot be extended, even in the current COVID-19 circumstances.

Many businesses without an establishment or VAT registration in Switzerland often incur Swiss VAT on business expenses (e.g. travel and lodging expenses, purchases of goods in Switzerland or import VAT when importing goods into Switzerland). In the course of a year, this can add up to a significant amount of Swiss VAT incurred by the company. Affected companies should not consider this VAT as costs as it can in principle be recovered from the Swiss Tax Administration.

If a company incurred at least CHF 500 in Swiss VAT over the course of 2019, it still has until the end of June 2020 to submit a VAT refund claim, provided its country of residence grants reciprocal rights to Swiss companies.

 

Source Credit – By Michaël Vincke ( KPMG)

 

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