Rates of interest utilized by income tax authorities internationally

Rates of interest utilized by income tax authorities internationally

This review considered the way in which interest is charged by six tax that is similar across the world – Australia, Canada, France, Germany, brand New Zealand as well as the united states of america. Most of the jurisdictions considered, fee interest of some type on unpaid taxation quantities.

Rates of interest differ between various jurisdictions but most charged between 2% and 7% and paid between 0% and 3%. Some income income tax authorities charged and compensated element interest, other people only compounded interest on underpaid income tax, as well as the remainder applied interest that is simple. 继续阅读Rates of interest utilized by income tax authorities internationally