Banana Accounting is set up to manage the VAT according to the regulations of the Federal Tax Administration:
- Type of accounting
- On the issued invoices
- On cash received
- Effective method report (with deductions of the paid VAT)
- Flat tax rate method.
Use of VAT 2018 functionalities for Switzerland
Printouts of forms relating to VAT of 4th quarter 2017 and following quarters of 2018, are only available in Banana Accounting version 9.
In order to set up the facsimile of the Swiss VAT form automatically you will have to:
- Upgrade to Banana Accounting 9 version
- Update your Codes table to the new VAT rates
- Install the Swiss VAT App for your reports.
Refer to the Transfer to the 2018 VAT rates page for further information.
VAT reports and forms specific to Switzerland
VAT 2018 reports that are made available and generated automatically are the following:
- Effective method
- Flat tax rate method