Cyber security – Dealing with cyber risks
The increasing use of new technologies and IT systems creates numerous advantages, but also dangers. Due to global networking and the high data density that technical progress brings with it, any financial intermediary can become a potential target for cybercrime….
Switzerland reduces VAT to 7,7 % effective from 01.01.2018
The rates of value-added tax (VAT) in Switzerland will be reduced effective 1 January 2018. VAT rates will be reduced to 7.7% (standard VAT rate) and 3.7% (special VAT rate for accommodation) as of 1 January 2018. The “reduced rate” of…
Revised Swiss VAT Rules To Enter Into Force In 2018
Changes to Switzerland’s Value Added Tax (VAT) Act will enter into force on January 1, 2018, with the aim of removing VAT-related competitive disadvantages for domestic companies. Currently, a multinational company pays only VAT on its Swiss turnover. Foreign companies…
A VAT rate of 8% applies to most goods and services. A reduced rate of 2.5% applies to certain everyday consumer goods such as foodstuffs, non-alcoholic beverages, books, newspapers, magazines, medicines, but also to tickets for sports and cultural events….