VATupdate

Poland Further Increases Late Payment Interest Rates

On 11 May 2022, Poland published the Announcement of the Ministry of Finance on the rates of interest for tax arrears / late payment. This includes an increase in the interest rates as follows:

  • The standard rate is increased from 12.0% to 13.5% per annum;
  • The reduced rate is increased from 6.0% to 6.75% per annum; and
  • The increased rate is increased from 18.0% to 20.25% per annum.

Source Orbitax

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