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I see an amount of interest on the tax assessment I have received. Can you explain this?


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

Q1

Q2

Q3

Q4

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
2012 2,85 2,30 2,50 2,25
2013 3,00 3,00 3,00 3,00
2014 3,00 4,00 4,00 4,00
2015 4,00 4,00 4,00 4,00
2016 4,00 4,00 4,00 4,00
2017 4,00 4,00    
 
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.
 
Expatax can file this request for you. The procedure is the same as the procedure to request a provisional refund .

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