I see an amount of interest on the tax assessment I have received. Can you explain this?
Article ID: 82 | Last Updated: Mon, Nov 30, 2015 at 11:54 AM
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:
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.
Expatax can file this request for you. The procedure is the same as the procedure to request a provisional refund .