Regulation & law · 28/06/2024

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

The IRS has announced that the quarterly interest rates for overdue accounts and customs duty refunds will remain the same for the quarter beginning July 1, 2024, with interest rates of 8 percent for underpayments and 7-8 percent for overpayments.