NEWS

 

Safe haven interest rates for 2021

SFTA cirular letters regarding safe haven interest rates for 2021 – some significant reductions in safe haven interest rates for foreign currencies

 

The Swiss Federal Tax Administration published the new circular letters regarding safe haven interest rates on advances and loans in Swiss francs and in foreign currencies for 2021.

 

The safe haven interest rates for Swiss francs remain unchanged compared to the previous year.

 

The safe haven interest rates for foreign currencies experience a slight to significant reduction almost across the board. For example, the safe haven interest rates for loans or advances in EUR (from 0.5% to 0.25%), USD (2.25% to 1.25%) and GBP (1.5% to 1%), among others, haven been reduced, in some cases significantly.

 

For any further questions or advice please contact Remo Merz, Head of Corporate Taxes, merz@fineac.ch

 

WHAT we do is not unique, but HOW we do it!

 

Source: SFTA

 

Remo Merz, 29 January 2021

 

Keywords: safe haven interest rates for 2021, SFTA, foreign currencies