Previous post Next post

End of tax-free online shopping delayed by a year

Last year Switzerland’s government announced plans to change the rules on charging VAT on imported goods.

Online-shopping

© Rido Dreamstime - Click to enlarge

Currently, most things ordered abroad and sent through the post to Switzerland that attract VAT of less than CHF 5, are waived through customs free of charge.

This means if you buy clothing worth less than CHF 62.50, or books worth less than CHF 200, there is no import charge – a VAT charge of 8% on CHF 62.50 of clothing, and a VAT charge of 2.5% on CHF 200 of books, both come to CHF 5. It is important to note that freight charges are included when calculating the parcel’s value.

The new rules, which require all foreign retailers generating annual global revenue of more than CHF 100,000 a year to charge Swiss VAT regardless of order value, were to come into force on 1 January 2018.

Yesterday, the government agreed to delay implementation until 1 January 2019. According to 20 Minutes, Swiss Post needs more time set up the required technology.

 

Full story here Are you the author?
About Le News
Le News
The newspaper Le News is a free, quality, local English language newspaper launched on 31 October 2013. Le News fills a gap in local Swiss media for the numerous English-speakers living and visiting Switzerland. In late January 2015 we decided to put our print medium on hold and focus on our digital media presence.
Previous post See more for 3.) Personal Finance Next post
Tags: ,,,,

🤞 Don’t miss posts anymore!
Subscribe to our newsletter!

Permanent link to this article: https://snbchf.com/2017/10/news-tax-free-shopping/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.