Value Added Tax Act (VAT)

Art. 94VAT from 2020

Art. 94 Other collateral measures

¹ A surplus on the tax return in favour of the taxable person may:

a.

be set off against debts from prior periods;

b.

be credited for set-off against anticipated amounts payable for subsequent periods if the taxable person is in arrears with the payment of tax or for other reasons it appears probable that the tax claim is at risk; the amount credited carries interest from the 61^st day after receipt by the FTA of the tax return until the date of the set-off at the rate that applies to refund interest; or

c.

be set off against security required by the FTA.

² In the case of taxable persons without a domicile, registered office or permanent establishment in Switzerland, the FTA may also require security for anticipated debts under Article 93 paragraph 7.

³ If payments are repeatedly in arrears, the FTA may require the taxable person to make monthly or half-monthly advance payments.