Increase in deferral interest from 1 July
After several consecutive increases, the European Central Bank decided in June to cut the key interest rate by 0.25 percentage points. This does not result in a change to the base interest rate – it remains at 3.88 – % as changes of less than 0.5 percentage points in total are not taken into account since the last change.
The base interest rate, which is known to serve as a multiple reference interest rate, applies equally. With respect to the hourly interest rates, it should be noted that, in accordance with § 212, paragraph 2 of the BAO, as of July 1, 2024, the hourly interest rates are % 4.5% above the applicable base interest rate. The corresponding current annual interest rates are shown in the following table. If the mentioned interest rates do not reach an amount of €50, they will not be set.
Since 1.7.2024 | So far | |
Interest on deferred payment | 8.38 % | 5.88 % |
Deferral interest | 5.88 % | 5.88 % |
Interest on claims | 5.88 % | 5.88 % |
Complaint interest | 5.88 % | 5.88 % |
VAT interest | 5.88 % | 5.88 % |
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