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Showing posts with label Interest rates on tax overpayments and underpayments. Show all posts
Showing posts with label Interest rates on tax overpayments and underpayments. Show all posts

Friday, January 10, 2025

DTNZ: IRD adjusts interest rates amid rising tax debts and economic strain


Inland Revenue has announced changes to interest rates applied to tax overpayments and underpayments, effective January 16.

The interest paid to taxpayers who overpay will drop from 4.67% to 4.3%, while the rate charged for underpayment will fall slightly from 10.91% to 10.88%.