The rate of Poland's standard interest penalty for late payments of tax, including for tax advances, has been reduced from 10% to 8%. The rate is equal to twice the interest rate on pawn credits as announced by the National Bank of Poland plus 2%, with a minimum rate of 8%. 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, a reduced rate applies. With the change in the standard rate, this reduced rate is reduced from 7.5% to 6% (75%...