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News: revoked change regarding requirement of posting security

Planned waiving of requirement of posting security revoked

In an apparent move to make Switzerland more attractive for foreign companies, the tax authorities planned that as of 2024 they would no longer demand from foreign companies to post a security when they register for purposes of Swiss VAT. However, after initially implementing the changed policy, it was almost immediately revoked after an apparent sudden internal policy change. Consequently, the old policy will be implied for the time being, i.e. foreign companies that register for purposes of Swiss VAT will have to post a security to the Swiss tax authorities.

A consequence of the revoking of the change policy in connection with the posting of a security means that the Swiss tax authorities will not return the security to registered foreign taxable persons as long as the Swiss VAT number is active.