Quarterly Interest Rates for Customs Duties Underpayments and Refunds to Increase
The quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties will increase April 1, CBP said in a notice. For the quarter that begins April 1, the interest rates…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
for overpayments will be 3% for corporations and 4% for non-corporations, and the interest rate for underpayments will be 4% for both corporations and non-corporations, it said.