Regulation & law · 14/12/2016

IRS Announces Quarterly Interest Rates for Overdue Accounts and Customs Duties Refunds

The Internal Revenue Service has confirmed that interest rates for overdue accounts and customs duties refunds will remain unchanged for the upcoming quarter, starting October 1, 2016, with rates of 3% for corporations and 4% for non-corporations for overpayments, and 4% for both corporations and non-corporations for underpayments.