South Carolina Updates Interest Rate for Remainder of 2018

The South Carolina Department of Revenue recently released SC Information Letter #18-11, which outlines the interest rates applied to underpayments and overpayments of taxes paid to the Department.

The applicable interest rate of 5% carries over from the previous quarter, and will persist through December 31, 2018.

To review this Information Letter in its entirety, please click here

Author

Paul Ogawa

Paul Ogawa is a Junior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.
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