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

by Ulrika Lomas, Tax-News.com, Brussels

30 March 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.

TAGS: compliance | tax | business | value added tax (VAT) | tax compliance | tax incentives | export duty | interest | transfer pricing | Switzerland | tax breaks | import duty | regulation

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