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

(Art. 21 para. 2 Sec. 28 let. b and c VAT Act)

¹ In­terests of pub­lic au­thor­it­ies in private or pub­lic com­pan­ies with­in the mean­ing of Art­icle 21 para­graph 2 num­ber 28 let­ter b VAT Act in­clude both dir­ect and in­dir­ect equity in­terests.

² In­sti­tu­tions and found­a­tions es­tab­lished by pub­lic au­thor­it­ies with­in the mean­ing of Art­icle 21 para­graph 2 num­ber 28 let­ter c VAT Act in­clude in­sti­tu­tions and found­a­tions both dir­ectly and in­dir­ectly es­tab­lished by pub­lic au­thor­it­ies.

³ The tax ex­emp­tion ex­tends to:

a.

sup­plies between private or pub­lic com­pan­ies whose equity in­terests are held ex­clus­ively by pub­lic au­thor­it­ies, and com­pan­ies held ex­clus­ively by such com­pan­ies, wheth­er dir­ectly or in­dir­ectly, or in­sti­tu­tions and found­a­tions dir­ectly or in­dir­ectly es­tab­lished by such com­pan­ies;

b.

sup­plies between in­sti­tu­tions or found­a­tions es­tab­lished ex­clus­ively by pub­lic au­thor­it­ies and com­pan­ies held ex­clus­ively by such in­sti­tu­tions or found­a­tions, wheth­er dir­ectly or in­dir­ectly, or in­sti­tu­tions and found­a­tions dir­ectly or in­dir­ectly es­tab­lished by such in­sti­tu­tions and found­a­tions.