The key rate also impacts interest penalties, which are adjusted along with the adjusted key rate. For corporate taxpayers, the interest penalty is equal to 1/300 of the key rate per day of delay where the delay does not exceed 30 calendar days. Where the delay exceeds 30 days, the interest penalty is equal to 1/150 of the key rate beginning from the 31st day of delay. However, Russia has provided that from 9 March 2022 to 31 December 2023, the late payment penalty rate is set to 1/300 of the Central Bank key rate, regardless of the length of delay
Source Orbitax
