On 25 February 2013, the Federal Tax Administration published two circulars and announced the safe haven interest rates applicable to shareholder and related party loans.
Circular of 25 February 2013: Loans denominated in CHF
The minimum interest rates for loans in CHF received by shareholders or related parties are:
| - | on loans financed through equity: 1.5%; and | |
| - | on loans financed through debt: the interest incurred (prime costs) plus 0.5… |