October 22 2018

Interest rate for tax arrears and tax refunds and maximum deductions fur supplementary pension contributions for 2019 determined

Source: IBFD Tax Research Platform News

On 18 October 2018, the tax administration published press release No. DB-434.3/HAJ/ED determining the interest rate for tax arrears and tax refunds, and the maximum deductions fur supplementary pension contributions for 2019.

Interest rate for tax arrears and refunds

The 2019 interest rate for tax arrears and refunds will be 3%. The interest compensation rate for advance payments will be 0%.

Deduction for supplementary pension contributions

The maximum deductions for supplementary pension contributions relating to old age, surviving dependants and disability pension are:

  • CHF 6,826 for employees; and
  • CHF 34,128 for self-employed people.