Federal Act
on Value Added Tax
(Value Added Tax Act, VAT Act)

The FDF:

a.

defines mar­ket con­form in­terest rates for in­terest on late pay­ment and re­funds and up­dates them peri­od­ic­ally;

b.

de­term­ines the cases in which in­terest on late pay­ment is not im­posed;

c.

stip­u­lates up to what amount neg­li­gible amounts of in­terest on late pay­ment and re­funds will not be im­posed or are not pay­able;

d.²¹⁶

de­term­ines what is deemed to be the amount that is so neg­li­gible that it need not be in­voiced as pro­vi­sion­al tax.