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Poland Further Increases Late Payment Interest Rates

23 September 2022

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Approved Changes

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Poland

On 20 September 2022, Poland published the Announcement of the Ministry of Finance on the rates of interest for tax arrears / late payment. This includes an increase in the interest rates as follows: The standard rate is increased from 16.0% to 16.5% per annum; The reduced rate is increased from 8.00% to 8.25% per annum; and The increased rate is increased from 24.00% to 24.75% per annum. The reduced rate applies when a self-correction is made prior to a notice of procedures for an amended assessment and the payment is made within 7 days of filing the corrected return....