Switzerland Announces COVID-19 Plan To Scrap Interest On Tax Arrears

27/03/2020

The Swiss Government has announced that it will waive interest on late payments of tax, to allow companies to delay their tax payments.

A zero percent interest rate will apply to outstanding tax dues, covering value-added tax, customs duties, special consumption taxes and certain other levies, and all federal direct taxes. The waiver applies for taxes due between March 21, 2020, and December 31, 2020.

Source: Pride Partners International