The National Bank of Ukraine has announced its decision to increase the key policy rate to 8.0% per annum with effect from 23 July 2021, which is up from 7.5%. For tax purposes, this affects the late payment penalty interest, which is based on the National Bank rate. The penalty interest rate is equal to 120% of the National Bank rate, which results in an increase in the penalty interest rate from 9.0% to 9.6% per annum.
Source Orbitax
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