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Switzerland publishes interest rates on tax arrears and tax advances for 2021

Switzerland publishes interest rates on tax arrears and tax advances for 2021

Switzerland publishes interest rates on tax arrears and tax advances for 2021

The Swiss Federal Tax Office has issued Circular 2-185-D-2020-f of October 22, 2020, which sets federal direct tax rates for the calendar year 2021. The letter notes that the Federal Ministry of Finance has decided to keep the 2020 rates. That is, the rates for 2021 will be as follows:

  • Interest on tax arrears and refunds – 3%
  • Interest on advance payments – 0%
  • The circular also sets maximum deduction limits for supplementary pension contributions for 2021, which are CHF 6,883 for employees and CHF 34,416 for self-employed persons.

We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site.

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