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Swiss Federal Council Approves Temporary Suspension of Late Payment Interest on Social Security Contributions

|Approved Changes|Switzerland
Switzerland

According to a release from the Swiss Federal Social Insurance Office, the Swiss Federal Council has approved a temporary suspension of late payment interest on social insurance and unemployment insurance contribution due to the extraordinary situation caused by the COVID-19 pandemic. The suspension applies retroactively from 21 March 2020 until 30 June 2020.

The temporary suspension supplements the measures already taken in response to COVID-19, including that companies facing difficulties…

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