Ordinance
on Value Added Tax
(Value Added Tax Ordinance, VAT Ordinance)

(Art. 31 para. 3 VAT Act)

1 The fair value must be cal­cu­lated on the basis of the ac­quis­i­tion cost, for real es­tate ex­clud­ing the value of the land and of value en­han­cing ex­pendit­ures. Not to be con­sidered are, however, the value main­ten­ance ex­pendit­ures. Value main­ten­ance ex­pendit­ures are those that serve only to main­tain the value of the good and its abil­ity to func­tion, in par­tic­u­lar ser­vice, main­ten­ance, op­er­at­ing and re­pair costs.

2 In de­term­in­ing the fair value of goods and ser­vices put to use, in the first tax peri­od of use the loss in value must be con­sidered for the en­tire tax peri­od. In the last un­com­pleted tax peri­od, on the oth­er hand, no de­pre­ci­ation may be made un­less the change in use oc­curs on the last day of the tax peri­od.