On 9 December 2021, the National Bank of Ukraine has decided to increase its key policy rate from 8.5% to 9% per annum with effect from 10 December 2021. The interest rate has a tax effect on the late tax payment interest and penalties which is equal to 120% of the National Bank rate and also increase in the penalty interest rate from 10.2% to 10.8% per annum.
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Tax Treaty News: December 2021
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