On 20 September 2022, the Polish Ministry of Finance published the increased interest rates on tax arrears as well as on the late payment. This is the 7th time; Poland increases the rate in 2022. Accordingly, the standard rate is increased from 16.0% to 16.5% per annum; the reduced rate (applies when a taxpayer files a justified corrected tax return and pays the due tax within 7 days from filing the return) is increased from 8.00% to 8.25% yearly; and the increased rate (applies for VAT and customs duties, including where a taxpayer understates their tax liability, overstates an overpayment or refund claim) is increased from 24.00% to 24.75% per annum.
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