Turnover taxes

Delivery of goods and rendering services in the territory of The Swiss Confederation is subject to taxation according to one of the lowest rates of VAT in Europe in the amount of barely 7.6%. For comparison, the basic VAT rate in the countries of the European Union is in the range between 15% and 25%. The Swiss legislature predicts also a preferential rate in the amount of 2.4% which is applied, among others, to medicines, newspapers, food and beverages. The fact which is worth stressing is that the turnover obtained from the delivery of goods and rendering services for foreign customers is exempt from taxation in the territory of Switzerland.