Netherlands Amends Decree on Tax and Collection Interest

Netherlands updates the Decree on Tax and Collection Interest, specifying interest rates for late tax payments and refunds.
The amendments include a temporary solidarity contribution on excess profits in the energy sector, retroactively effective from January 1, 2022.
The interest rate for late payment is 8%, and for refunds, it is 10.5%, retroactively effective from March 1, 2023.
From September 1, 2023, the interest rate for both late payments and refunds will be 8%, until a new interest rate regime is implemented on January 1, 2024.