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

(Art. 37 para. 1–4 VAT Act)

¹ If a tax­able per­son re­port­ing un­der the net tax rate meth­od us­ing the no­ti­fic­a­tion pro­ced­ure un­der Art­icle 38 VAT Act takes over all of the as­sets, part of the as­sets or in­di­vidu­al as­sets from a per­son us­ing the ef­fect­ive re­port­ing meth­od, a cor­rec­tion must be made in ac­cord­ance with Art­icle 79 para­graph 3; para­graph 2 re­mains re­served.

² No cor­rec­tion shall be made if all of the as­sets, part of the as­sets or in­di­vidu­al as­sets have been used by the seller for an activ­ity not en­titling a de­duc­tion of the in­put tax.