Benefits of paying Swiss taxes early

I have heard that in Switzerland you can save money by paying taxes early. Is that correct?

Hi there,

Depending on which municipality and canton your live in, paying your taxes in advance can be financially beneficial because money deposited at the tax office earns intrest until your taxes are processed.

Currently, the interest paid on early tax deposits is generally low, but there are major differences in rates used by different cantons.

You can find more information on interest rates for tax deposits here.

Best regards from Moneyguru