The tax administrations are adjusting the interest on tax amounts.
For federal taxes, the interest rate on voluntary advance payments will be set at 1.25 per cent from 2024. In the case of arrears and for refunds, an interest rate of 4.75 percent will apply.
For cantonal taxes, each canton regulates the interest rate individually. Taxbutler assumes that the cantons will set the interest rates at a similar level as the federal government.
It is therefore worthwhile again to pay taxes early, as savings in bank accounts continue to earn lower interest.