View Single Post
  #8  
Old 13.01.2020, 17:52
eyebeebe's Avatar
eyebeebe eyebeebe is offline
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 1,636
Groaned at 16 Times in 15 Posts
Thanked 1,782 Times in 827 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: Assymetrical interest on taxes

Quote:
View Post
It is symmetric. And the it is only 0.1% and 3.5% respectively.
https://www.steuerverwaltung.bs.ch/s...erzinsung.html
https://www.steuerverwaltung.bs.ch/s...ungsfrist.html

In Basel taxes for the tax year 20XY are due on 31. May 20XY+1.
Anything you pay before that day is awarded with 0.1% interest.
Anything you paid too much after that day is awarded with 3.5%, anything which you did not pay after that day is penalized with 3.5%.


The rules for canton Zurich are a bit different:
In Zurich the taxes for year 20XY are due on 30. September 20XY.
Anything paid before that date is awarded with 0.25% interest.
Anything paid too much after this date is awarded with 0.25% interest.
Anything not paid after this date is penalized with 0.25% interest.
At some date you will get a final bill. If not all taxes have been paid you must do so within 30 days. Anything paid later is penalized with 4.5%
https://www.zh.ch/internet/de/aktuel...reduziert.html
And in Schwyz if you pay more than the amount they propose, they send it back to you. Presumably so they don’t have to pay you the interest. It can be quite annoying when you know that your tax bill is going to be more than they estimate it to be.
Reply With Quote
The following 2 users would like to thank eyebeebe for this useful post: