Do you know the risks of value added tax (VAT)? Although many entrepreneurs deal with the topic of VAT, risks are often not perceived or perceived late. When it comes to VAT, even small details can turn into a big problem and accordingly cause a big burden for your business. Read here how you can minimize these risks with VAT.
The current situation due to the extraordinary COVID-19 measures may also have an impact on your value added tax (VAT) accounting. Below you will find an overview with the aspects to be considered.
The current situation due to the extraordinary COVID measures may also have an impact on the tax situation of employees. One year after the start of the COVID-19 pandemic and in view of the submission of the tax returns for the years 2020 and 2021, significant questions are increasingly arising regarding the imputation / deduction of individual costs. Below you will find an overview with current information that may also affect your tax return.
On November 2, 2021, the Swiss Federal Tax Administration (FTA) published a draft of the practice determination in which the approach for the lump-sum calculation of private share on business vehicles is to be increased from 0.8% to 0.9% of the purchase price, also for VAT purposes. The adjustment is to take place as early as 01.01.2022.
The processing and handling of withholding tax repeatedly raises questions, especially with foundations and trusts. We have compiled some essential aspects below, which should be taken into account.
