Interest on tax assessments
If the final income tax assessment shows that you will receive a refund or will have to pay an additional amount the tax office will also calculate interest. The interest is calculated from January 1 of the year following the tax year. The interest rates applying are:
Year |
1st quarter |
2nd quarter |
3rd quarter |
4th quarter |
|---|---|---|---|---|
1998 |
3,25 |
3,25 |
3,25 |
3,25 |
1999 |
3,25 |
3,25 |
3,25 |
3,25 |
2000 |
3,25 |
3,25 |
4,00 |
4,50 |
2001 |
4,70 |
4,10 |
4,45 |
4,20 |
2002 |
3,45 |
3,25 |
3,25 |
3,25 |
2003 |
3,25 |
3,10 |
2,50 |
2,00 |
2004 |
3,50 |
3,50 |
3,50 |
3,50 |
2005 |
5,00 |
5,00 |
5,00 |
5,00 |
2006 |
5,00 |
3,75 |
4,00 |
4,25 |
2007 |
4,70 |
5,00 |
5,25 |
5,40 |
2008 |
5,30 |
4,75 |
4,75 |
4,75 |
2009 |
4,75 |
3,50 |
2,75 |
2,50 |
2010 |
2,50 |
2,50 |
2,50 | 2,50 |
| 2011 | 2,50 | 2,50 | 2,75 | 3,00 |
If you want to minimize the amount of interest you can request the tax authorities to issue a provisional tax assessment, which can already be done during the year.