Indirect Tax News, issue 4

BDO VAT Centre of Excellence has prepared fourth Indirect Tax Newsletter for 2016.

A revised Swiss VAT Law is expected to come into force on 1 January 2018. While the legislation covers a variety of topics, the most significant changes lead to an additional 30,000 foreign businesses having to register for VAT in Switzerland. 

The issue also contains latest information on Latvian VAT developments. The Latvian parliament is reviewing amendments to the VAT law related to implementation of a domestic reversecharge VAT mechanism to local supplies for precious metals. The aim of the amendments is to reduce the number of fraudulent transactions in precious metals, as the amount of input VAT paid out to companies operating in this particular area has notably increased over the last few years.

To read the complete issue, please click here.