Fictitious deduction of input tax: Massively extension through revised VAT law
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As of Jan. 1, 2018, the potential applications of such deductions will be massively enlarged. The only decisive point is the use of the respective product within the entrepreneurial activity.
Such input taxes evolve, if a used or new individualised object is bought without passed on VAT. At the same time it is clear and decided, that the respective subject will be used within the taxable unit in the future. This applies for operating material as well as for trading products. Whereas for the latter it does not matter anymore if they are sold in Switzerland or abroad. Under the old VAT law selling such products abroad was impossible.
If there are operating materials or trade products already within the company on which such tax refund is possible under the new law and regulation, which was not possible at the moment of delivery, the refund can be claimed after Jan. 1, 2018. We recommend to claim such contribution tax refunds immediately in the first quarter of 2018.
Our respective leaflet available in the Download section (german only), contains practical examples that show clearly how the fictitious input tax has to be calculated.
