New interest rate for back tax payments: Federal Council approves adjustment to low interest rates
In future, less interest will be due on back tax payments than before. At the beginning of July, the Federal Council approved an adjustment to the low interest rates with retroactive effect from January 1, 2019. However, the interest rate for refunds will also fall, meaning that taxpayers will benefit less from refunds. The interest rate for back tax payments will fall to 1.8 percent with retroactive effect from January 1, 2019. The new regulation for
