The New York Department of Taxation and Finance has released the interest rate per annum (compounded daily) on refunds and late payments assessments for the period 10/1/2018 thru 12/31/2018. The interest rates on withholding refunds and late payments remain unchanged, at 4% and 9%, respectively.
New York Publishes Intertest Rates for 4th Quarter 2018
Tom Hospod
September 4, 2018
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Author
Tom Hospod
Tom Hospod is a Regulatory Counsel at Sovos Compliance. Within Sovos’ Regulatory Analysis function, Tom focuses om Affordable Care Act (ACA) reporting, Tax Withholding, and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.
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