CBP Publishes Quarterly Interest Rates
U.S. Customs and Border Protection published in today's Federal Register a notice advising of the interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties. For the calendar quarter beginning January 1, 2006, the interest rates for overpayments will be 6% for corporations and 7% for non-corporations, and the interest rate for underpayments will be 7%. These interest rates are the same as those in the fourth quarter of 2005. The notice also contains historical interest rate data.
Labels: Customs
|posted by Douglas N. Jacobson| Permalink 
