2. Fiscal Representation in Switzerland  Swiss VAT Registration: to be or not to be  What activities trigger a requirement to register  Supply of services  Supply of goods  Annual Turnover  Voluntary registration  Bank guarantee  VAT Returns – frequency & payments 2

3. Registration Process Optional reporting procedures Fiscal Representation VAT audits The Swiss mind-set Fiscal Representation & the AFC 3

4. Swiss VAT update  28.09.2014 Swiss Votation on take-out food vs restaurants  2015 – New EU VAT Rules on telecommunications, broadcasting and providers of electronic services - for B2C transactions - for EU vs non-EU - for B2B transactions 4

5. CANADA – indirect sales tax  A few terms: GST, HST, QST, PST, RST  Is GST a VAT?  Place of supply rules  Taxes consumption and imports of goods  Taxes use of services and imports of services 5

6. CANADA  Registrants (to be or not to be)  Input tax credits (ITCs)  Exempt and zero-rated supplies 6

7. CANADA  Harmonized Sales Tax (HST)  What is HST?  Destination based  Which provinces?  Reporting  Who collects HST on imports? 7

8. CANADA  Registrants (to be or not to be)  Input tax credits (ITCs)  Exempt and zero-rated supplies 8

9. AUSTRALIA  Annual Threshold 75K AUD/150K AUD  Notes: registration process  GST rate changes?  GST recovery window 9

10. REFUNDS Method – Turnaround – Time limits Canada Switzerland Australia 10

11. Q & A 11 Martin Pinsonnault Director