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Old 23.09.2020, 12:40
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Zurich / 2020 Provisional tax invoice: shall I pay it now?

Hello,

I have just received the provisional tax invoice for the year 2020.

The deaadline is Sept. 30, however it is my understanding that I can choose not to pay it at this time.
1. What is the interest if I decide not to pay it?, is it just 0.25% per year (i.e., 50 CHF/year on a 20K bill)?
2. If the interest is low enough, I would probably be better off putting that money into a dividend paying stock, or I am missing something?
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Old 23.09.2020, 12:44
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Re: Zurich / 2020 Provisional tax invoice: shall I pay it now?

You will also reduce your fortune for 1 January 2021. Of course how much you save depends on your situation.
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Old 23.09.2020, 13:20
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Re: Zurich / 2020 Provisional tax invoice: shall I pay it now?

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You will also reduce your fortune for 1 January 2021. Of course how much you save depends on your situation.

That's 0.15% up to > 1.3M CHF https://taxsummaries.pwc.com/switzer...al/other-taxes
or 30 CHF on a 20K tax bill. I would not lose my sleep over it
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