BERN, SWITZERLAND – Swiss hotels could be exempt from paying value-added tax in 2012-13 to help them fight business lost because of the high Swiss franc, if a lower house committee vote is duplicated in the upper house.
The finance and economy commission voted 13-12 Tuesday 10 January to make one exception to its refusal to review measures to help fight the over-valued franc, in agreeing to give the hotel industry a year’s grace starting in April 2012.
Posted by Ellen Wallace on 10 January 2012 at 22:24 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 10 January 2012.
Tags: committee, exemption, lower house, Swiss hotel industry, Swiss parliament, tourism, TVA, VAT
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