Interest on overdue payments


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The rate applies for the income year 2018

If you need rates for the tax return, you must check the rates for 2017

By "income year", we mean the year in which the income or expense arises. The rates for the income year are used in the tax return and tax calculation.

By "assessment year", we mean the year after the income year and in which the tax return for the income year must be submitted/checked and the tax calculated.

If you pay taxes and duties after the applicable due date, you will also have to pay penalty interest. The interest rate is set by the Ministry of Finance. The rate is set every six months, with effect from 1 January and 1 July.

Calculate how much penalty interest you will have to pay (Ministry of Finance's calculator)

If the Tax Administration pays taxes or duties after the relevant due date, penalty interest will be payable.

Interest typeFrom 1 January 2018
From 1 July 2018
§ Section 11-1 Interest on late payments 8.50 %  
§ Section 11-3 Interest on late payments 8.50 %  

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