Bloomberg Tax
Feb. 27, 2023, 5:00 AM

New York Tax and Finance Department Publishes 2023 Second Quarter Tax Overpayment, Underpayment Interest Rates

The New York Department of Taxation and Finance Feb. 24 published the interest rates applicable to tax overpayments and underpayments, effective for the period of April 1 through June 30. Interest rates apply to refunds, late payments, and assessments for individual income, corporate income, trust income, sales and use, estate, excise, property, and withholding tax. Interest rates on fuel use tax payments are set pursuant to the International Fuel Tax Agreement. [N.Y. Dep’t of Tax’n & Fin., Interest Rates: 4/1/2023–6/30/2023, 02/24/23]

Reference: View Source Document.

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