FTA publishes new refund and default interest rates for federal taxes from 2025

On September 19, 2024, the Federal Tax Administration (FTA) published the new refund and default interest rates for federal taxes from 2025:

• Compensation interest: 0.75% (previous year 1.25%)
• Interest on arrears/refunds: 4.5% (previous year 4.75%)

The interest rates include VAT, direct federal tax, withholding tax, tobacco tax, beer tax, automobile tax, mineral oil tax, tax on distilled spirits, customs duty, stamp duty, performance-related heavy vehicle tax, CO2 tax, incentive tax on volatile organic compounds and supplementary tax.

The full overview is available here or the announcement is available here.