- Ordinance No. RO 2024 535 published in Swiss Official Gazette on Oct. 4
- Decrease in interest rates for late, refunded, and advance tax payments effective Jan. 1, 2025
- Interest rates reduced to 4.5% from 4.75% for defaults, refunds, and conditional payment obligations
- Interest rates reduced to 0.75% from 1.25% for advance payments
- Rates apply to taxes such as VAT, direct federal tax, withholding, CO2 levy, stamp duty, and additional tax for minimum taxation of large MNE groups
- Ordinance enters into force on Jan. 1, 2025.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
