SWITZERLAND OFFICIALLY WAIVE IMPORT TAXES OF INDUSTRIAL GOODS

SWITZERLAND OFFICIALLY WAIVE IMPORT TAXES OF INDUSTRIAL GOODS

From 1st January 2024, industrial goods are officially waived import taxes when imported to Switzerland from all of the countries over the world. This is an important trade policy, implemented by this country after many years of research and preparation In Switzerland, industrial goods include intermediate inputs to the production process such as raw materials, semi-finished products, machinery and equipment, salt and industrial salt, as well as consumer goods such as automobiles, household appliances, clothes, shoes,... The waiving of import taxes of industrial goods does not change the customs clearance process. Importers still have to declare imports and pay other fees and...

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