{"id":32174,"date":"2023-10-31T15:27:06","date_gmt":"2023-10-31T14:27:06","guid":{"rendered":"https:\/\/www.tax-services.ch\/?p=32174"},"modified":"2023-10-31T15:42:13","modified_gmt":"2023-10-31T14:42:13","slug":"radiation-tva-suisse","status":"publish","type":"post","link":"https:\/\/www.tax-services.ch\/en\/radiation-tva-switzerland\/","title":{"rendered":"VAT deregistration"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"32174\" class=\"elementor elementor-32174\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-49e7fa7 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"49e7fa7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a09ef05\" data-id=\"a09ef05\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dccb39d elementor-widget elementor-widget-text-editor\" data-id=\"dccb39d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 08-05-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p class=\" translation-block\">VAT deregistration is one of the phases in the life of a company. Please note that VAT deregistration does not necessarily mean closure. In this article we are going to talk to you about <strong>VAT deregistration<\/strong> and more specifically the <strong>conditions<\/strong>, the <strong>procedure<\/strong> but also the <strong>consequences<\/strong> involved.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9dc988 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"a9dc988\" data-element_type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;],&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:0,&quot;sizes&quot;:[]},&quot;marker_view&quot;:&quot;bullets&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;fas 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.elementor-widget-container{min-height:var(--box-min-height);border:var(--box-border-width,1px) solid var(--box-border-color,#9da5ae);border-radius:var(--box-border-radius,3px);background-color:var(--box-background-color);transition:min-height .4s;overflow:hidden}.elementor-toc__header{display:flex;align-items:center;justify-content:space-between;padding:var(--box-padding,20px);background-color:var(--header-background-color);border-bottom:var(--separator-width,1px) solid var(--box-border-color,#9da5ae)}.elementor-toc__header-title{font-size:18px;margin:0;color:var(--header-color);flex-grow:1}.elementor-toc__toggle-button{cursor:pointer;display:inline-flex}.elementor-toc__toggle-button i{color:var(--toggle-button-color)}.elementor-toc__toggle-button svg{height:1em;width:1em;fill:var(--toggle-button-color)}.elementor-toc__spinner-container{text-align:center}.elementor-toc__spinner{font-size:2em}.elementor-toc__spinner.e-font-icon-svg{height:1em;width:1em}.elementor-toc__body{padding:var(--box-padding,20px);max-height:var(--toc-body-max-height);overflow-y:auto}.elementor-toc__body::-webkit-scrollbar{width:7px}.elementor-toc__body::-webkit-scrollbar-thumb{background-color:#babfc5;border-radius:10px}.elementor-toc__list-wrapper{list-style:none;padding:0}.elementor-toc__list-item{margin-bottom:.5em}.elementor-toc__list-item.elementor-item-active{font-weight:700}.elementor-toc__list-item .elementor-toc__list-wrapper{margin-top:.5em;margin-inline-start:var(--nested-list-indent,1em)}.elementor-toc__list-item-text{transition-duration:var(--item-text-transition-duration)}.elementor-toc__list-item-text:hover{color:var(--item-text-hover-color);-webkit-text-decoration:var(--item-text-hover-decoration);text-decoration:var(--item-text-hover-decoration)}.elementor-toc__list-item-text.elementor-item-active{color:var(--item-text-active-color);-webkit-text-decoration:var(--item-text-active-decoration);text-decoration:var(--item-text-active-decoration)}.elementor-toc__list-item-text-wrapper{display:flex;align-items:center}.elementor-toc__list-item-text-wrapper:before,.elementor-toc__list-item-text-wrapper i{margin-inline-end:8px;color:var(--marker-color)}.elementor-toc__list-item-text-wrapper svg{margin-inline-end:8px;fill:var(--marker-color);height:var(--marker-size,.5em);width:var(--marker-size,.5em)}.elementor-toc__list-item-text-wrapper i{font-size:var(--marker-size,.5em)}.elementor-toc__list-item-text-wrapper:before{font-size:var(--marker-size,1em)}.elementor-toc--content-ellipsis .elementor-toc__list-item-text{white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.elementor-toc__list-items--collapsible>.elementor-toc__list-wrapper>.elementor-toc__list-item>.elementor-toc__list-wrapper{display:none}.elementor-toc__heading-anchor{position:absolute}.elementor-toc__body .elementor-toc__list-item-text{color:var(--item-text-color);-webkit-text-decoration:var(--item-text-decoration);text-decoration:var(--item-text-decoration);transition-duration:var(--item-text-transition-duration)}.elementor-toc__body .elementor-toc__list-item-text:hover{color:var(--item-text-hover-color);-webkit-text-decoration:var(--item-text-hover-decoration);text-decoration:var(--item-text-hover-decoration)}.elementor-toc__body .elementor-toc__list-item-text.elementor-item-active{color:var(--item-text-active-color);-webkit-text-decoration:var(--item-text-active-decoration);text-decoration:var(--item-text-active-decoration)}ol.elementor-toc__list-wrapper{counter-reset:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item{counter-increment:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item-text-wrapper:before{content:counters(item,\".\") \". \"}<\/style>\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__a9dc988\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__a9dc988\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t<div id=\"elementor-toc__a9dc988\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ca3e92 elementor-widget elementor-widget-heading\" data-id=\"9ca3e92\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 08-05-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Definition of VAT and compulsory tax liability<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51b1703 elementor-widget elementor-widget-text-editor\" data-id=\"51b1703\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Value Added Tax (VAT) is an indirect tax levied on the consumption of goods and services. In Switzerland, as in many other countries, businesses are generally required to collect and remit VAT to the state.<\/p><p class=\" translation-block\">The <strong>mandatory liability<\/strong> to VAT applies to <strong>Swiss companies<\/strong> that in the course of a year exceed a turnover of CHF 100,000 or to <strong>companies headquartered abroad<\/strong> and exceeding in their worldwide turnover CHF 100,000 making their first service in Switzerland.<\/p><p class=\" translation-block\">Liability can also be requested <a href=\"https:\/\/www.tax-services.ch\/fr\/tva-suisse-lessentiel\/#elementor-toc__heading-anchor-1\" target=\"_self\">voluntarily<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14f7bea elementor-widget elementor-widget-heading\" data-id=\"14f7bea\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conditions for VAT Deregistration<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8bf904 elementor-widget elementor-widget-text-editor\" data-id=\"e8bf904\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The conditions for deregistration must be met in order to be released from VAT liability. Depending on your company's situation, they are as follows:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0e0817 elementor-widget elementor-widget-heading\" data-id=\"f0e0817\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Turnover thresholds<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8bdd78d elementor-widget elementor-widget-text-editor\" data-id=\"8bdd78d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If a company's decisive turnover no longer meets the required turnover threshold, the company can apply to be removed from the VAT register.<\/p><p class=\" translation-block\">In Switzerland, the <strong>minimum<\/strong> turnover threshold required is CHF 100,000 worldwide (or CHF 250,000 for sports associations or institutions).<\/p><p class=\" translation-block\">By <strong>global turnover<\/strong>, reference is made to turnover achieved in Switzerland and abroad. Although turnover is exempt.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a3b1f4 elementor-widget elementor-widget-heading\" data-id=\"9a3b1f4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Cessation of business<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-313dec9 elementor-widget elementor-widget-text-editor\" data-id=\"313dec9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>One of the conditions for VAT deregistration in Switzerland may be the cessation of business activity for various reasons, such as :<\/p><div class=\"mod mod-link\"><ul><li><a title=\"Remise de l&#039;activit\u00e9 (avec successeur)\" href=\"https:\/\/www.estv.admin.ch\/estv\/fr\/accueil\/taxe-sur-la-valeur-ajoutee\/inscription-radiation-tva\/radiation-tva\/remis-eactivite-as.html\" target=\"_self\" aria-label=\"Remise de l&#039;activit\u00e9 (avec successeur)\" rel=\"noopener\">Cessation of business<\/a><\/li><li><a title=\"End of the event\" href=\"https:\/\/www.estv.admin.ch\/estv\/fr\/accueil\/taxe-sur-la-valeur-ajoutee\/inscription-radiation-tva\/radiation-tva\/fin-de-la-manifestation.html\" target=\"_self\" aria-label=\"End of the event\" rel=\"noopener\">End of the event<\/a><\/li><li><a title=\"End of the consortium\" href=\"https:\/\/www.estv.admin.ch\/estv\/fr\/accueil\/taxe-sur-la-valeur-ajoutee\/inscription-radiation-tva\/radiation-tva\/fin-du-consortium.html\" target=\"_self\" aria-label=\"End of the consortium\" rel=\"noopener\">End of the consortium<\/a><\/li><li><a title=\"End of project \/ mandate\" href=\"https:\/\/www.estv.admin.ch\/estv\/fr\/accueil\/taxe-sur-la-valeur-ajoutee\/inscription-radiation-tva\/radiation-tva\/fin-du-projet.html\" target=\"_self\" aria-label=\"End of project \/ mandate\" rel=\"noopener\">End of project \/ mandate<\/a><\/li><li><a title=\"Fin de l&#039;activit\u00e9 en Suisse\" href=\"https:\/\/www.estv.admin.ch\/estv\/fr\/accueil\/taxe-sur-la-valeur-ajoutee\/inscription-radiation-tva\/radiation-tva\/fin-activite-en-suisse.html\" target=\"_self\" aria-label=\"Fin de l&#039;activit\u00e9 en Suisse\" rel=\"noopener\">End of business in Switzerland<\/a><\/li><li><a title=\"Liquidation (without successor)\" href=\"https:\/\/www.estv.admin.ch\/estv\/fr\/accueil\/taxe-sur-la-valeur-ajoutee\/inscription-radiation-tva\/radiation-tva\/liquidation-ss.html\" target=\"_self\" aria-label=\"Liquidation (without successor)\" rel=\"noopener\">Liquidation (without successor)<\/a><\/li><li><a title=\"Merger\" spellcheck=\"false\" href=\"https:\/\/www.estv.admin.ch\/estv\/fr\/accueil\/taxe-sur-la-valeur-ajoutee\/inscription-radiation-tva\/radiation-tva\/fusion.html\" target=\"_self\" aria-label=\"Merger\" rel=\"noopener\">Merger<\/a><\/li><\/ul><\/div><p>\u00a0<\/p><p>When a business ceases trading, it is no longer liable for VAT and can apply to be removed from the VAT register.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85b1e07 elementor-widget elementor-widget-heading\" data-id=\"85b1e07\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Closure of liquidation proceedings<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c482e8 elementor-widget elementor-widget-text-editor\" data-id=\"8c482e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In the event of the company being wound up, the closure of the winding-up proceedings is also a condition for VAT write-off.<\/p><p>Once the procedure has been completed, the company or entity concerned may be removed from the register of taxable persons.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d41f709 elementor-widget elementor-widget-heading\" data-id=\"d41f709\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to apply for VAT deregistration<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d91ebc7 elementor-widget elementor-widget-text-editor\" data-id=\"d91ebc7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Simply meeting the conditions does not automatically mean that you are no longer subject to VAT.<\/p><p>Below is the procedure for unsubscribing from Swiss VAT:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a357d9 elementor-widget elementor-widget-heading\" data-id=\"7a357d9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Written request<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cc0cc1 elementor-widget elementor-widget-text-editor\" data-id=\"7cc0cc1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>To initiate the VAT deregistration process, the company concerned must submit a written request to the Federal Tax Administration (FTA).<\/p><p>This written request is an important step in the administrative deregistration process.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fe1370 elementor-widget elementor-widget-heading\" data-id=\"7fe1370\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Meeting the deadline<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39cc73e elementor-widget elementor-widget-text-editor\" data-id=\"39cc73e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\" translation-block\">Applications for deregistration must be sent to the FTA within <strong>60 days<\/strong> following the end of the tax period concerned.<\/p><p>It is crucial to meet these deadlines to ensure timely deregistration and avoid any penalties or administrative complications.<\/p><p>Failure to meet the deadline could result in another year of VAT liability.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-912d823 elementor-widget elementor-widget-heading\" data-id=\"912d823\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Documents required<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8ed9a8 elementor-widget elementor-widget-text-editor\" data-id=\"c8ed9a8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Although the documents required may vary, it is likely that adequate documentation will be required to support the request for deregistration.<\/p><p class=\" translation-block\">This may include: annual accounts, proof of cessation of business or closure of winding-up proceedings, <a href=\"https:\/\/www.fedlex.admin.ch\/eli\/cc\/2009\/615\/fr#art_95\" target=\"_blank\" rel=\"noopener\">proof of payment of all taxes due<\/a> and other documents that prove the business meets the conditions for VAT deregistration.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d9dd8b elementor-widget elementor-widget-heading\" data-id=\"8d9dd8b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Consequences of deregistration<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db5ac57 elementor-widget elementor-widget-text-editor\" data-id=\"db5ac57\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>VAT deregistration is not without consequences, as there are tax and administrative implications.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f3ae96 elementor-widget elementor-widget-heading\" data-id=\"0f3ae96\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Tax implications<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-613d3e6 elementor-widget elementor-widget-text-editor\" data-id=\"613d3e6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Removal from the VAT register has significant tax implications for a business. Firstly, it is no longer required to collect VAT on sales or deduct VAT on purchases.<\/p><p>However, it is still subject to tax on acquisitions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59d5a27 elementor-widget elementor-widget-heading\" data-id=\"59d5a27\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">End of the right to add the \"VAT\" extension to documents<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b16bd09 elementor-widget elementor-widget-text-editor\" data-id=\"b16bd09\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\" translation-block\">Once deregistered, the company is no longer entitled to add <strong>the \"VAT\"<\/strong> extension to its invoices or other commercial documents.<\/p><p>In the event of an oversight, the amounts shown on the invoices as VAT remain payable to the confederation.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b673b15 elementor-widget elementor-widget-heading\" data-id=\"b673b15\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Updating internal software<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a26a56 elementor-widget elementor-widget-text-editor\" data-id=\"6a26a56\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>VAT write-offs require accounting adjustments.<\/p><p>The company will have to modify its invoicing and accounting software to ensure that it neither collects nor deducts VAT.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0235454 elementor-widget elementor-widget-heading\" data-id=\"0235454\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">A CORDIP may be necessary<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b3d1fd elementor-widget elementor-widget-text-editor\" data-id=\"0b3d1fd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\" translation-block\">VAT CORDIP is a method used in Switzerland to <strong>correct<\/strong> certain VAT calculations.<\/p><p class=\" translation-block\">A CORDIP is often necessary when the entrepreneur makes a <strong>change d'affectation<\/strong> of his company's assets, moving from his business assets to his private assets (<strong>For example<\/strong>: taking over a company vehicle). He will have to repay part of the VAT he was able to recover at the time of purchase, taking into account depreciation for each year of ownership.<\/p><p class=\" translation-block\">In this case, if you <strong>finally cease trading,<\/strong> the goods and other assets on which the business was able to reclaim VAT will have to be repaid if they were held for less than 5 years (<strong>20% depreciation per year<\/strong>).<\/p><p class=\" translation-block\">Depreciation on property is 5% per annum.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb90872 elementor-widget elementor-widget-heading\" data-id=\"eb90872\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-321706a elementor-widget elementor-widget-text-editor\" data-id=\"321706a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>VAT deregistration in Switzerland is a phase that must be handled with care. Although the aim of this procedure is to lighten the administrative burden, the tax implications can be complicated.<\/p><p>Our team will support you at every stage of your company's life.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p class=\" translation-block\">VAT deregistration is one of the phases in the life of a company. Please note that VAT deregistration does not necessarily mean closure. In this article we are going to talk to you about <strong>VAT deregistration<\/strong> and more specifically the <strong>conditions<\/strong>, the <strong>procedure<\/strong> but also the <strong>consequences<\/strong> involved.<\/p>","protected":false},"author":1,"featured_media":32187,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[57],"tags":[],"_links":{"self":[{"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/posts\/32174"}],"collection":[{"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/comments?post=32174"}],"version-history":[{"count":19,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/posts\/32174\/revisions"}],"predecessor-version":[{"id":32194,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/posts\/32174\/revisions\/32194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/media\/32187"}],"wp:attachment":[{"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/media?parent=32174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/categories?post=32174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/tags?post=32174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}