I have a pretty basic question for which I cannot find the answer elsewhere online.
Living in Zurich, I recently received the Staats- und Gemeindesteuern 2020 recommended prepayment bill(s), but as far as I understand by reading and translating the text, it is not obligatory to prepay, or one can prepay as much/little they want.
This leads me to the following questions:
- Is prepayment mandatory?
- Can one prepay a smaller amount?
- Bonus question for extra kudos: Should I expect a similar bill for Bundessteuer?
The motivation behind my questions is the opportunity cost of not investing the money instead.