author_orbitax
Orbitax

Share This Article

Poland Increases Late Payment Interest Rates Again

21 April 2022

|

Approved Changes

|

Poland

On 12 April 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 10.0% to 12.0% per annum; The reduced rate is increased from 5.0% to 6.0% per annum; and The increased rate is increased from 15.0% to 18.0% 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....