Bellerage

Penalties on taxes and contributions have increased twice

Penalties on taxes and contributions have increased twice

Since the 3rd quarter 2017, the rules for calculating penalties on company`s tax arrears arisen after 1 October 2017 have changed.

Interest rate used for calculating penalties has doubled (up to 1/150 of the refinancing rate) and is about 21% per annum now for overdues older than 30 calendar days.