Ordinance on Value Added Tax

(Art. 37 para. 5 VAT Act)

¹Pub­lic au­thor­it­ies and re­lated in­sti­tu­tions un­der Art­icle 97 para­graph 1 which wish to re­port us­ing the flat tax rate meth­od must no­ti­fy the FTA in writ­ing.

²The flat tax rate meth­od must be re­tained for at least three tax peri­ods. If the tax­able per­son elects for the ef­fect­ive re­port­ing meth­od, the per­son may change to the flat tax rate meth­od at the earli­est after ten years. An earli­er change of the re­port­ing meth­od is pos­sible at the time of any ad­just­ment to the flat tax rate that is not due to a change in the rates of tax­a­tion un­der Art­icles 25 and 55 VAT Act.¹

³Changes to the re­port­ing meth­od are pos­sible at the be­gin­ning of a tax peri­od. They must be no­ti­fied to the FTA in writ­ing at the latest 60 days after the be­gin­ning of the tax peri­od from which the change is to be made. If the no­ti­fic­a­tion is late, the change is ef­fect­ive at the be­gin­ning of the sub­sequent tax peri­od.