The Swiss Federal Finance Department (DFF) has announced a reduction in the interest rates for late, refunded, Advance Tax Payments, effective from 2025.
Starting 1 January 2025, the tax arrears, refunds, and conditional payment obligations will be set at 4.5% (down from 4.75% in 2024). The interest rate for voluntary advance payments for federal tax will be reduced to 0.75% (down from 1.25% in 2024).
The DFF’s interest rate ordinance includes an annual review of federal tax interest rates to determine if adjustments are needed based on current rates.
