The late payment interest that is generally charged after the deadline for tax payments has passed is being lowered temporarily from 4% to 0.01%. This applies to all tax debts and therefore also to those of directors/major shareholders. The rate of tax interest is also being temporarily reduced to 0.01%. This reduction will apply to all taxes subject to tax interest. The Tax and Customs Administration charges tax interest if you submit your tax return late, for example.
If the Tax and Customs Administration refunds late payment interest, the rate of 4% is maintained.
A payment discount is granted for provisional income and corporation tax assessments that are settled in a single payment. In such cases the rate of late payment interest applicable at that time is taken as a basis. If, however, the temporary reduction in this rate means that hardly any discount is received, the discount based on a rate of 4% can be obtained by lodging an objection.