Martynas
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RE: Interest on Early Personal Tax Payments
Thank you Admin 17 for the response. I read the article, but the fact that I haven't been credited the repayment interest either means I didn't understood the article correctly or I am genuinely missing the interest. Do you know when it should appear in my account? Thank you in advance. -
RE: Interest on Early Personal Tax Payments
I seem to find conflicting information about the repayment interest rate. From the link given by Admin 17: "The repayment interest rate compensates taxpayers fairly, when they overpay, for loss of use of their money." - it seems that the interest is earned if too much tax is paid, rather than paying tax early? To answer the original post by Deepee - no interest would be paid for paying the tax early?