Partial revision of the Value Added Tax Act as of January 1, 2025
A compact summary of the most important changes to the partially revised VAT Act.
What does the partial revision mean for SMEs?
On September 24, 2021, the Federal Council adopted the dispatch on the partial revision of the Value Added Tax Act (VATA), which was approved by Parliament in June 2023. On August 21, 2024, the Federal Council adopted the partial revision of the Value Added Tax Ordinance (VATO) and decided that the revised VAT Act would enter into force on January 1, 2025. The practical provisions of the Federal Tax Administration (FTA) are to follow by the end of 2024.
The changes that will come into force on 1 January 2025 can be divided into the areas of digitalization and internationalization, simplifications, tax reductions and combating fraud. We have summarized the most important changes for you.
