FTA publishes interest rates for direct federal tax 2024
Peter von Burg
The Federal Department of Finance is adjusting the refund and default interest rates for federal taxes and levies to the increased interest rate level. From 2024, an interest rate of 4.75 percent will apply in the case of arrears and for refunds. The interest rate on voluntary advance payments is now 1.25 percent.
The Federal Tax Administration (FTA) published the interest rates for the 2024 direct federal tax on September 11, 2023:
- Compensation interest: 1.25%
- Default/refund interest: 4.75%