On 18 October 2018, the Federal Tax Administration (FTA) published the circular "Interest rates in the area of direct federal tax for the calendar year 2019 / maximum pillar 3a deductions in the 2019 tax year".
According to the circular "Interest rates in the area of direct federal tax for the calendar year 2019 / maximum pillar 3a deductions in the 2019 tax year", the interest rates in the area of direct federal tax for the calendar year 2019 remain unchanged compared to the previous year. The default and refund interest rate remains at 3% and the interest rate for advance payments at 0% (cf. our contribution of 13 October 2018).
The tax deduction in the context of tied personal pension provision (pillar 3a) has been slightly increased for the 2019 tax year (maximum deduction for taxpayers with a 2nd pillar CHF 6,826 or for taxpayers without a 2nd pillar CHF 34,128).
