Russia published Law No. 259-FZ on 8 August 2024, extending the late payment interest penalty reduction that previously expired on 31 December 2023. The late payment penalty rate is set to 1/300 of the key rate, regardless of the length of delay, until 31 December 2024. Interest penalties calculated at 1/150 of the key rate should be recalculated.
Source Orbitax
