We currently charge 8.1% VAT for customers from Switzerland.
Table of Contents:
- What is VAT?
- What is a VAT ID?
- Who has to pay VAT?
- How is Murf determining which customers Swiss VAT applies to?
What is VAT?
Value Added Tax (VAT) is a consumption tax that applies to most goods and services sold and used in Switzerland. It is typically charged by the supplier and ultimately paid by the final consumer.
What is a VAT ID number?
A VAT identification number, also known as a VAT registration number, is a unique identifier for businesses registered for VAT.
Who has to pay VAT?
Typically, the supplier who sells goods or services invoices VAT and collects it from the customer. Afterward, the supplier reports and remits the collected VAT to the relevant tax authorities.
For business customers, it is recommended to ensure to check the box "I'm purchasing as a business" in order to provide your Company name and VAT Identification Number to Murf Inc.
How is Murf determining which customers Swiss VAT applies to?
Murf Inc. applies VAT based on the location of the "Sold To" contact address provided by the customer. The accuracy of this information is verified by cross-referencing it with other data. As a customer, it is your responsibility to ensure that the "Sold to" address you provide is accurate.
Disclaimer
Every customer is unique, and so are their specific tax circumstances. The above-stated information should not be considered tax advice but rather a general overview of relevant tax rules. Murf cannot provide you with tax advice for your individual situation, and therefore we strongly recommend speaking with a professional tax advisor for tailored advice.