EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
Swiss entrepreneurs face several challenges when it comes to Value Added Tax (VAT), which is a consumption tax that is levied on goods and services at each stage of production or distribution. Startups face penalties and fines if they fail to comply with VAT regulations or make mistakes in their VAT returns. These penalties can be significant and can damage a startup's reputation and finances. It is critical to carefully manage VAT obligations and to comply all applicable laws and regulations to avoid penalties and maintain good financial health.