VAT – Annual statement from January 1, 2025
From January 1, 2025, companies with annual sales of up to CHF 5,005,000 will be able to submit an annual VAT statement (instead of quarterly or half-yearly statements).
In order to benefit from this simplification, the company must meet the following conditions:
- it must have submitted past and future VAT statements on time;
- it must have paid the statements in full;
- it must submit a request to switch to an annual VAT statement for the 2025 tax period via ePortal before February 28, 2025.
Despite the election to file an annual VAT stattement, the company will be required to make advance payments during the current year: three advance payments for companies subject to tax using the effective and flat-rate methods (i.e. May 30 – August 30 and November 30) and a single advance payment for companies subject to tax using the net tax liability rate method (i.e. August 30).
The amount of the instalments is set by the Federal Tax Administration on the basis of the tax receivable for the last tax period, although the company may request a revision of the instalments no later than 10 days before their respective due dates.
In the following cases, the Federal Tax Administration has the right to revoke the annual tax statement:
- the company has exceeded sales of CHF 5,005,000 for three consecutive tax periods
- the company fails to submit its annual VAT statements on time
- the company does not pay all its instalments on time
- the company has requested an excessive reduction in its instalments
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