Putting In Tampons For Real

Interest on tax arrears - 13.5%

Interest on tax arrears - 13.5%
Following the decision of the Monetary Policy Council, which at its meeting on 10-11 May. decided to raise NBP interest rates by 0.25 percentage points from tomorrow lombard is 5.75% per annum. This means, in accordance with Article. Tax Ordinance 1956, the rate of interest for late payment of tax arrears from 12 May. will amount to 13.5% per annum (the sum of 200% and the Lombard rate of 2%), while the reduced rate of interest for late payment of tax arrears, 10.13% (75% above. the rate of interest). Is also growing, up to 6.75%, the rate of prolongation fee - according to Art. Ordinance 1957.

K & T Consulting Accounting Office Warsaw