Located in one of the best-connected spots in central Europe, Switzerland stands out for its beautiful landscapes, multilingualism and its mighty economy. Officially, the country is not part of the European Union or the Euro Zone, although it is one of the best known and most loyal economic partners of the EU, establishing numerous FTAs for the supply of goods and services as well as investments in social and technological development.
The high levels of economic interdependence between Switzerland-EU have motivated our team to invest resources in developing a solution capable of streamlining end-to-end cross-border compliance between the two. Check out our features here
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HS Classification
In accordance with the Swiss Customs Tariff (Tares), our Classification tool is based on the internationally valid Harmonized System (HS), in which the first six digits of the 8-digit Swiss tariff headings correspond to the HS. By using natural language to accurately classify goods, our engine can provide detailed information about
- Notes on Free Trade Agreements
- Duties and Taxes
- Import and export licenses
- Special provisions
Landed Cost Calculator
Our LCC solution offers excellent support for duties and taxes calculation. The engine is ideal for traders who are not familiar with all the customs regulations procedures, duties/taxes calculation, and trade agreement requirements. Our solution helps minimize errors that can cause bottlenecks and financial exposure by preventing unexpected costs.
The main features of our LCC engine consider:
- Shipping Cost Calculation
- Import Duties and Excise Duties (if applicable)
- Taxes and Fees
- Insurance
- Currency Conversion
- Handling Fees
Prohibited and Restricted Goods
This feature provides prime Restricted and Prohibited screening by checking constantly updated P&R lists issued by the Swiss customs authorities. Those lists can be screened by either HS Codes or product descriptions. The engine also recommends appropriate documentation in case of import restrictions.
Import One-Stop-Shop (IOSS)
Suppliers that are not established and do not have a fixed establishment in the EU and are not established in a third country with which the EU has concluded a VAT mutual assistance agreement must appoint an EU-based IOSS intermediary. This is the case of Switzerland. Our engine can register and submit monthly VAT returns for Swiss businesses selling to the EU.
Easily integrable with third-party systems, our APIs can boost your business by bringing vast international opportunities. If you are interested in our solution for Switzerland, subscribe to our blog and visit our website and LinkedIn page for more updates. You can also reach us by sending a message to info@mydutycollect.com. We will be delighted to hear from you.
