Interest rates starting from October 1, 2007 for tax arrears from 2006

It should be remembered that from October 1, 2007, entitlement interest will be applied to tax arrears (VAT and KöSt) The plan to start operations in 2006 is underway. Interest rates However, the interest-free period begins only when the amount exceeds €50. From this calculation, a period without interest is calculated according to the formula (49.99 x 365) / (0.0519% x expected payment). Deposit is under the name "E 1-12/2006" or. "K 1-12/2006" to be paid if the claim interest is to be avoided. Since the avoidance of interest is not guaranteed by timely filing of the tax return, the delay in the tax assessment is at the expense of the taxpayer. For those taxpayers who are subject to a Tax credits If the same interest rate is expected, it constitutes an attractive rate of return. Interest on claims are not tax-deductible and Interest subsidies are not taxable.

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