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Information on the VAT rates change in Switzerland (update)

News • 27/10/2022 •
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With the last vote on the 25th of September 2022, people have voted in favor of increasing VAT rates in Switzerland. Below we give you the most up-to-date information on this.

 

The Federal Tax Administration (FTA) for the moment (January 2023):

  • Has indicated that the changes will enter into effect on 1 January 2024.
  • It has indicated that it is in the process of reviewing the regulations and that more information will be available from February.
  • At the end of November 2022, it activated a new portal, for the time being with the same functionality as the previous one.
  • It has not yet published information on the new VAT form or other ways of uploading or transmitting VAT data.

New VAT form available only in Banana Plus

For the moment, there is no further information, but certainly a new form and new VAT codes will be needed for VAT declaration.

In order to get the new VAT form, you will need to have the Banana Accounting Plus version.

During 2023 :

  • We will finalise the new VAT table, with everything needed to use the new rates, support the changes communicated by the FTA and easily switch to the new system.
  • We plan to make the new VAT codes available so that you can already make invoices using the new rates.
  • We will finalise the new VAT form and whatever is required by the FTA.
  • We will publish the necessary information on our website.

For users of Banana Accounting 9 and previous versions

The preparation of the new VAT form will not be available in Banana 9.

Switching to Banana Plus

If you have VAT and are still using Banana Accounting 9, or an earlier version, we highly recommend that you switch to Banana Accounting Plus as soon as possible or during the course of 2023, so that when the changes come into effect, you will have everything already set up and ready.

In addition, there are already some interesting New Features in Banana Plus which allow you to work even faster.

Users who have switched to Banana Accounting Plus are very satisfied and save so much more time while doing their accounting.

Continue using Banana Accounting 9

Users of Banana Accounting 9 will be able to continue managing VAT, manually entering the new rates in the VAT table.
They will be able to continue printing the VAT statements currently in force, but will not have access to the new ones.

Update

This news was first published on 10 November 2022.

It was updated on 11 January 2023, adding new information.