Tax interest

Since the introduction of the interest regime in 2013, there has been criticism regarding the disproportionate nature of the system. Taxpayers were charged higher interest, particularly when there was a long period between the tax year and the date of the assessment. At the same time, it was rare for interest to be paid on a refund.

In recent years, interest rates used by the Tax Office have increased substantially, up to 10% for corporate income tax, which has led to the system being perceived as excessive and unfair. Tax interest can accumulate significantly and is not always avoidable.

Many appeals against this system have now been designated as a collective appeal procedure. This allows taxpayers to join the ongoing appeal procedure via a single objection, without needing to take separate legal action for each individual case.

Please note: it remains essential to file an appeal within the assessment’s objection period in order to participate in the collective appeal procedure.