English translation of Article 58 of the Swiss VAT Act 2010

This page contains an English translation of the below Article of the revised Swiss VATA 2010 and is part of a web based Swiss VATA 2010 commentary published in German. Should you require qualified written legal advice on cross-border transactions potentially triggering Swiss VAT  from a Swiss VAT lawyer please do not hesitate to contact: Harun Can


Article 58 of the Swiss VAT Act 2010

Exceptions to liability for interest on late payment

Interest on late payment is not imposed if: 
a. the import tax debt has been secured by a cash deposit; 
b. goods released for free circulation (Article 48 CustA [SR 631.0]) are first provisionally assessed (Article 39 CustA) and the importer was registered on Swiss territory as a taxable person at the time of acceptance of the customs declaration;
c. goods conditionally assessed (Article 49, 51(2)(b), 58 and 59 CustA) which have been imported by a person registered on Swiss territory as a taxable person are declared for another customs procedure (Article 47 CustA); 
d. goods stored without securing the tax (Article 51 (2)(a) and 62 para. 3 CustA) are declared for another customs procedure and the person with the power of disposal over these goods at the time of storage was registered on Swiss territory as     a taxable person; 
e. the goods must be declared periodically for the customs assessment procedure (Article 42(1)(c) CustA) or are subsequently assessed under a simplified customs assessment procedure (Article 42 para. 2 CustA) and the importer was registered     on Swiss territory as a taxable person at the time of the import. 

Corresponding Article(s) of the EU VAT Directive (Recast) 2006/112/EC (as of January 2010)

There is no corresponding provision.
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