New Remuneration and Default Interest Rate for Federal Taxes 2024

Published: Monday, Sep 11th 2023, 10:40

Updated At: Friday, Oct 13th 2023, 14:12

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The Swiss Federal Finance Department (EFD) has announced an increase in the interest rates for federal taxes and levies in 2024. The new rates for late payments and refunds will be 4.75%, while the interest rate for voluntary advance payments will be 1.25%. Previously, the rates for late payments and refunds were 4%. This change is estimated to generate additional revenue of 30 million Swiss francs for the federal government and four million francs for the cantons. The additional revenue will be partially available in 2024 and partially in later years. The interest rates apply to value added tax, direct federal tax, compensation tax, tobacco tax, beer tax, motor vehicle tax, mineral oil tax, tax on distilled water, customs, stamp duty and performance-related heavy goods vehicle levy.nnnnnnnnnnnnnnnnnnnnnnnnnn









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