[responsive_menu_pro]

Switzerland: 2024 tax payment interest rates

Spread the love

The Swiss Federal Tax Administration unveiled the interest rates for late, refunded, and advance tax payments in 2024. Starting from January 1, 2024, the new rates will be as follows:

  • Late payments and refunds will be subject to an interest rate of 4.75 percent, up from 4 percent in 2023.
  • Advance payments will incur an interest rate of 1.25 percent, compared to zero percent in 2023.

These rates will be applicable to various taxes, including VAT, direct federal tax, withholding tax, stamp duty, and distilled water tax.

 

Source: estv.admin.ch

Follow us on LinkedIn to keep up with the latest VAT news

Join us!

Subscribe to our monthly newsletter

SUBSCRIBE TO GLOBAL VAT NEWSLETTER

Get the latest VAT information directly in your inbox and stay up to date with all VAT developments around the world.

You have Successfully Subscribed!