The Swiss Federal Tax Administration has announced a reduction in the interest rates for federal taxes with effect from 1 January 2025. The interest rates will be as follows:

• Interest rate on tax arrears, refunds, and conditional payment obligations - 4.5% (down from 4.75% in 2024)
• Interest rate on voluntary advance payments - 0.75% (down from 1.25% in 2024)

The interest rates concern VAT, …