The Tax Agency is lowering its interest rates on the tax account from December 1, the authority writes in a press release.
The so-called revenue interest on deposits on the account is being lowered to 1.125 percent, down from 1.6875 percent.
The low penalty interest on the tax account – which, among other things, applies to taxpayers who have been granted deferment of tax – is being lowered to 2.50 percent from previously 3.75 percent.
At the same time, the high penalty interest – which is charged on tax debts that have not been paid on the due date – is being lowered to 17.5 percent. It was previously 18.75 percent.
