The Swiss Federal Tax Administration has announced increases in the interest rates for federal taxes from the 2024 calendar year. The interest rates will be as follows:

• Interest rate on tax arrears and refunds - 4.75%
• Interest rate on advance payments - 1.25%

The interest rate on tax arrears and refunds was 4.0% in 2023 and 2022 and 3.0% in 2021 and 2020. The Interest on advance payments wa…