On 27 January 2023, the Ministry of Finance (MoF) of Russia published a Guidance Letter 03-02-07/126954 clarifying the late payment interest applicable in 2023 regarding unpaid taxes. Late payment interest will be applied based on the negative balance of the single tax account and following the implementation of the account on 1 January 2023. The interest rate for each day of delayed tax payment is determined as a percentage of the outstanding tax amount, according to the following interest rates:
- If the payment is delayed for up to 30 calendar days, the interest rate charged will be one three hundredth of the key rate set by the Central Bank of Russia.
- After the 30th day of delayed payment, the interest rate charged will increase to 1/150th of the key rate established by the Central Bank of Russia.
