Interest relief for late payments of tax, as provided in response to the economic impact of the coronavirus (COVID-19) pandemic, ended at the beginning of 2021.
The Swiss Federal Council in March 2020 temporarily reduced to 0% the rate of interest for late payments of several taxes. As a result, between 20 March 2020 and 31 December 2020, no default interest was due for late payments relating to Swiss direct federal tax and to indirect taxes including value added tax (VAT), excise taxes, and customs duties.
Since the relief measures have not been extended into 2021, the default interest rates for late payments revert to:
Read a January 2021 report prepared by the KPMG member firm in Switzerland
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