Federal Act
on Value Added Tax
(Value Added Tax Act, VAT Act)

¹ The tax shall be re­por­ted based on the agreed con­sid­er­a­tion.

² The FTA shall al­low tax­able per­sons on ap­plic­a­tion to re­port on the basis of the con­sid­er­a­tion col­lec­ted.

³ The form of re­port­ing chosen must be re­tained for at least one tax peri­od.

⁴ The FTA may re­quire tax­able per­sons to re­port on the basis of the con­sid­er­a­tion col­lec­ted if:

a.

they re­ceive, to a sig­ni­fic­ant ex­tent, con­sid­er­a­tions be­fore they make the sup­ply or is­sue an in­voice; or

b.

there is reas­on­able sus­pi­cion that a tax­able per­son is ab­us­ing the pro­ced­ure of re­port­ing based on agreed con­sid­er­a­tions to ob­tain an un­law­ful be­ne­fit for them­selves or a third party.