PwC

Tax & Legal

Tax & Legal

Statutory interest rate levied on late payment of taxes no longer up-to-date?


The Supreme Tax Court has serious doubts as to the appropriateness of the current fixed rate of interest on late payments which is levied at a rate of 6 per cent per annum. This is especially relevant when considering the generally low interest rates level which have been charged in the market for some considerable time. Continue reading