Since the partial revision of the VAT Law, effective from 1 January 2018, a deduction of VAT on assets that have been brought into the enterprise as contributions in kind on items not resold is possible. It is based on the time value of the item.
If goods are imported into Switzerland an import tax and – depending on the goods – a customs duty is levied. The import tax is similar to the VAT and can be deducted as input tax.
The partial revision of the Federal Act on Value Added Tax results in considerable changes for foreign-registered companies which provide services that are associated with Switzerland.