On 22 October 2020, the Federal Tax Administration (FTA) published the circular "Interest rates in the area of direct federal tax for the calendar year 2021 / maximum pillar 3a deductions in the 2021 tax year".
According to the circular "Interest rates in the area of direct federal tax for the 2021 calendar year / maximum pillar 3a deductions in the 2021 tax year", the interest rates in the area of direct federal tax for the 2021 calendar year 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%(see our contribution dated 17 October 2020).
The tax deduction in the context of tied pension provision (pillar 3a) also remains unchanged for the 2021 tax year. The following maximum deductions therefore apply, as in the 2020 tax year:
- Maximum pillar 3a deduction for taxpayers with a 2nd pillar: CHF 6,826
- Maximum pillar 3a deduction for taxpayers without a 2nd pillar: CHF 34,128
