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New Swiss VAT Act as from 2010

July 2009 - Tax & Private Client. Legal Developments by Walder Wyss Ltd.

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On 12 June 2009, the Swiss Parliament passed the VAT Act reform bill on the final vote. This new legislation will completely replace the existing VAT law and brings with it significant changes in key areas of VAT. Unless a referendum is called (unlikely), the new VAT Act will come into effect on 1 January 2010. This leaves businesses with only a few months to prepare for the transition.



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