Missouri Posts Interest Rates for Q1 2021

Paul Ogawa
November 24, 2020

The Missouri Department of Revenue recently published updated interest rates for refunds and delinquencies for 2021. These rates apply to tax payments due to the Department, or refunds that are due to the taxpayer during the taxable year. They are based on the prime rates charged by financial institutions and are effective for the applicable calendar year or quarter.

For calendar year 2021, the interest rate for delinquencies will drop to 3% (from 5% in 2020), and the interest rate for refunds will also drop to 1.2% for the first quarter of calendar year 2021.

To review these rates and the historical rates for prior years, please click here to visit the Missouri Department of Revenue’s website.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.


Paul Ogawa

Paul Ogawa is a Senior 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.
Share This Post