Many businesses struggle with the settlement of value-added tax.

According to Basler Zeitung, 73% of companies struggle with errors in the value-added tax accounting.

2014

As reported by the Basler Zeitung, many businesses struggle with the settlement of value-added tax. 73% of all businesses show deficiencies.

Settlement of Value-Added Tax

Auditors find discrepancies in the value-added tax in 73% of the controlled businesses. This subsequently leads to additional charges or also credits. Most of these mistakes happen not on purpose, but the Federal Department of Finance is currently conducting various criminal proceedings for value-added tax offenses. This happens in cases where the offense has occurred presumably intentionally, not out of ignorance.

Every year, the federal government conducts more than 9000 value-added tax audits.

Settling value-added tax is particularly challenging for sectors that have to deal with multiple different tax rates. Here, errors can easily occur.

You can find the article from the Basler Zeitung here.

Which Value-Added Tax Rate Applies?

All important information about the topic of value-added tax can be found on the homepage of the Federal Tax Administration.

In addition, the Findea Blog contains further articles on the settlement of value-added tax.

More blog posts

In-depth insights, inspiring success stories and practical tips for entrepreneurs - discover more in our other articles.

Withholding tax in Switzerland: definition, calculation, and obligations

Withholding tax affects many Swiss companies that purchase services from abroad. Here you can find out when it applies and how to declare it correctly.

Withholding Tax in Switzerland: What Private Individuals Need to Know

The reference tax is a special value-added tax in Switzerland for foreign services, relevant when the provider is not locally subject to VAT. Private individuals must declare and pay this themselves if services exceed CHF 10,000 per year.

Abolition of the imputed rental value

The imputed rental value, a controversial concept of fictitious income for homeowners introduced in 1934, remains in place despite renewed efforts to abolish it. This tax contributes to government revenue, but there is criticism and debate about its fairness and impact on tourism.