The Netherlands government submitted Bill 33 755 No. 3 on 17 September 2013, amending the interest rates related to the late payment of taxes to the Lower House of parliament.
Under the current regime, the interest rate for the late payment of all taxes is equal to the legal interest rate for non-commercial transactions. If the new Bill is passed, the interest rate for late payment of all taxes except corporate income tax is still to be equal to the legal interest rate for non-commercial transactions but with a minimum of 4%. In the case of corporate income tax the interest rate on late payments will be equal to the legal interest rate for non-commercial transactions but with a minimum of 8%. The Bill also provides for transitional measures, under which, for interest calculated for periods before 1 April 2014, the current articles 30hb GTL and 29 TCL 1990 still apply. For periods after that date, the new articles will apply.
