CBP Publishes Quarterly Interest Rates Relating to Customs Duties
U.S. Customs and Border Protection (CBP) has published a notice in the Federal Register containing the updated quarterly IRS interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties. For the calendar quarter beginning July 1, 2005, the interest rates for overpayments will be 5 percent for corporations and 6 percent for non-corporations, and the interest rate for underpayments will be 6 percent. This interest rate remains unchanged from the previous calenar quarter. CBP's notice, which contains the quarterly interest rate data from 1974 to present, can be found at the following link:
a257.g.akamaitech.net/7/257/2422/01jan20051800/
edocket.access.gpo.gov/2005/05-17247.htm.
|posted by Douglas N. Jacobson| Permalink 
