The Importance of VAT Compliance for Swiss Companies - Assuring VAT Compliance for a Transportation Start-up Company

Abstract

A start-up company, which is active in the transport of mineral oil, has neither made a VAT declaration nor registered as a VAT taxable person since the beginning of its business activities at the start of 2019, despite monthly sales of around CHF 30'000.00. The company did not take enough care of administrative matters, which meant that, in addition to accounting, the company also neglected to deal with the VAT issue. 100% of the firm's revenues are generated in Switzerland by a cooperation with a well-known petrol merchant.