In this newsletter, we would like to address the
constantly-recurring issues of specific VAT risks, of which both
Swiss and foreign companies are generally unaware. One has to do
with formalities in connection with imports, while the other deals
with VAT implications for services under an installation
agreement.
Import tax and its recoverability
Import tax applies to all cross-border deliveries (except for
transactions between the EU Member States). In general, this can be
claimed back as input VAT within the filing of the VAT return.
However, it is essential that the following conditions are met in
order to guarantee the recoverability:
- the corresponding import documents must be available in the
original format or, respectively, as electronic tax assessments
notices correctly archived in XML format; and
