CBP Sets Out Quarterly Interest Rates for Customs Duties Underpayments and Refunds
CBP published the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refund (overpayments) of customs duties. For the calendar year which began April 1, 2013, the interest rates for overpayments will be 2 percent for corporations and 3 percent for non-corporations, and the rate of underpayments will be 3 percent for corporations and non-corporations.
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Further information: Ron Wyman, Revenue Division, Collection and Refunds Branch, 6650 Telecom Drive, Suite #100. Indianapolis, Indiana 46278; telephone 317-614-4516.