NEWS

 

Safe haven interest rates for 2022

SFTA circular letters regarding safe haven interest rates for 2022 – Increase of 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 2022.

 

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 increase almost across the board. For example, the safe haven interest rates for loans or advances in EUR (from 0.25% to 0.5%), USD (1.25% to 2.00%) and GBP (1.00% to 1.25%), among others, have been increased, in some cases significantly.

 

For any further questions or advice, please contact Remo Merz, Swiss certified tax expert, merz@fineac.ch.

 

Source: Swiss Federal Tax Administration / Overview

 

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Keywords: Tax, Tax return, saving