Switzerland: 2024 tax payment interest rates

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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

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