The National Bank of Ukraine has lowered the key policy rate to 13.0% annually from 14 June 2024, previously reduced from 14.5% to 13.5% from 26 April 2024. This reduction also affects the late payment penalty interest, which is tied to the National Bank rate. The penalty interest rate, which is 120% of the National Bank rate, has decreased from 16.2% to 15.6% annually.
Source Orbitax
Latest Posts in "Ukraine"
- VAT Registration for New Single Tax Payers: Is Simultaneous Registration Possible?
- EU Council Approves Customs Duty Cuts on Ukrainian Agri-Food Products
- VAT Exemption for Defense Goods Supply by Subcontractors to State Contract Executors
- VAT Tax Credit Treatment for Expired Creditor Debt Write-offs from Resident Suppliers
- VAT Taxpayer Re-registration Form Requirements and Reason Field Completion Rules