Law 31962 amends the Tax Code regulating the interest applicable for refund claims and penalties.The new law affects the interest rate charged and the type of event that triggers interest liability. Law 31962, published on 20 December 2023, amends the Tax Code with regard to the interest rate that the Tax Authority should considered in the following cases:Refund claims for improper or excessive tax paymentsPenaltiesInterest on refund claimsInterest applicable to refund claims for improper or excessive tax payments should be the monthly interest rate of 0.9%, which is the same interest rate for late tax payments applicable to taxpayers. Note that...