SwitzerlandFinance and Banking
A. DELIVERY OF GOODS
Any delivery of goods (defined as a "supply") within Swiss territory by a taxpayer, if made for a consideration, is a taxable transaction, unless otherwise determined by the VAT legislation. A supply of goods exists when there is a transfer of the right and power to use the goods from an economic point of view in one's own name.
Supply is a "catch all" term and includes leasing arrangements, subcontracting and the transfer, to their legal owner, of goods which have been handled by a third party. This latter category covers such activities as inspection, control and analysis. Where these transactions occur in Switzerland and between Swiss residents, any overlap in interpretation between the delivery of goods and the delivery of services should not create any difficulties. In cross-border situations, it is perhaps too early to exclude the possibility that overlapping definitions may give rise to issues of double taxation, even though this seems unlikely.
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