Information on the VAT adjustment 2024
As of 1 January 2024, the standard VAT rate will be raised to 8.1%. Worldline Schweiz AG is obliged to charge 8.1 % for services purchased in 2024. However, the annual invoices and cross-year invoices that will be issued in 2023, which include the service and maintenance services for POS terminals from 2024, are also already affected. Worldline Schweiz AG will, therefore, invoice all existing annual service and maintenance packages once in September 2023 from 1 July 2023 (partial invoice for the 2023 months). The changeover is considered a transitional phase until the end of December 2023, in order to prevent invoices with services that span more than one year. In January 2024, the invoice will again be for a full calendar year (1.1.2024-31.12.2024) at the new tax rate of 8.1%.
Q&A
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With the acceptance of the AHV 21 reform last autumn, it is clear that VAT will be increased from 7.7% to 8.1% on 1 January 2024.
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Our current invoice application does not allow automatic separation of 2023 and 2024 months with two different VAT rates. We are, therefore, forced to issue the annual service and maintenance invoices due from 1 July 2023 as a partial invoice for the remaining 2023 months at the VAT rate of 7.7%. In January 2024, the full year will be charged at the new VAT rate of 8.1%(1.1.2024-31.12.2024).
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The change in billing frequency affects all merchants with existing service and maintenance packages for purchased POS terminals.
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Rental contracts are not affected by this change, as they are charged monthly. These monthly rent invoices will then be charged for the first time in January 2024 at the new VAT rate of 8.1%.
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Worldline Schweiz AG will charge all existing annual service and maintenance packages or invoices for POS terminals from 1 July 2023 onwards, once in September 2023 during the transition period until the end of December 2023 (pro rata temporis). This is to prevent invoices with services that span more than one year. In January 2024, the invoice will again be for a full year (1.1.2024-31.12.2024). Therefore, no service and maintenance invoices were triggered in July/August 2023 and November/December 2023 were already charged in September 2023.
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No, all existing annual service and maintenance packages will be switched back to an annual frequency as of January 2024. This means that the annual service and maintenance invoice will now be issued in January 2024 for the respective calendar year(1.1.2024-31.12.2024).
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Until now, it was not possible, from a system point of view, to declare the VAT revenues of the cross-year service performances at the new rate of 8.1 %. Therefore, only invoices from July 2023 onwards will be affected by the changeover.