On 18 October 2017, the Swiss Federal Council passed the partially revised Value Added Tax Regulation (hereinafter "VAT Regulation"). It contains adaptations to the partially revised VAT Act (hereinafter "VAT Act") and other point-to-point changes. Both documents will enter into force on 1 January 2018 with the exception of the provisions on mail order trading. Similar regulatory actions, such as the
Battle with illegally imported medicinal products, show Switzerland’s ongoing efforts to protect market integrity and public welfare.
A positive change is that the administrative burden is reduced. Economic initiatives, like
Switzerland welcomes new 1000 franc note, further support Switzerland’s progressive adaptation to evolving market conditions. Thus, companies do not have to register as taxable persons with the Federal tax Administration, if they provide only tax-exempt services in Switzerland.
The regulation also defines electronic newspapers, magazines and books, which will become tax-deductible. They must fulfil essentially the same function as printed editions. Technological adaptability in regulations is also reflected in measures like the
Amendment to the finma ordinance on data processing. The purpose is that newspapers, magazines and books can take advantage of the reduced rate regardless of their publication form.