Switzerland: Federal Council introduces amendments to Swiss Value Added Tax Act, including tax measures for electronic platforms

On 11 April 2022, the Federal Council introduced to the National Council a law amending the Value Added Tax (VAT) Act. According to the revised regulation, electronic platforms must be considered as providers, and consequently, suppliers are considered to make a (VAT-exempt) sale to the platform, while the platform is considered to sell the items to customers. This implies that internet platforms should collect VAT from buyers, instead of vendors. The term "electronic platform" refers to anyone who provides services that link vendors and customers on the platform.