October 22 2019
Interest rate for tax arrears and tax refunds, and maximum deduction fur supplementary pension contributions for 2020 – determined
On 18 October 2018, the tax administration published press release No. 2-174-D-2-19-d determining the interest rate for tax arrears and tax refunds, and the maximum deduction fur supplementary pension contributions for 2020.
Interest rate on arrears and refundsThe 2020 interest rate for tax arrears and refunds will be 3%. The interest compensation rate for advance payments will be 0%.
Deduction for supplementary pension contributionsThe maximum deductions for supplementary pension contributions relating to old age, surviving spouse and disability for 2020 will amount to:
- CHF 6,826 for employees; and
- CHF 34,128 for self-employed people.