Regulacje i polityka gospodarcza · 09/10/2020

Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties

The Internal Revenue Service (IRS) has announced that the quarterly interest rates for calculating interest on overdue accounts and refunds of customs duties will remain unchanged from the previous quarter, starting October 1, 2020, with rates of 2% for corporations and 3% for non-corporations for overpayments, and 3% for both corporations and non-corporations for underpayments.