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Tax Interest Rates

The annual interest rate to be applied to all unpaid income and withholding tax balances are as follows:

  • 10% 2025
  • 10% 2024
  • 7% 2023
  • 5% 2021-2022
  • 7% 2019-2020
  • 6% 2017-2018
  • 5% 2016

Any prior tax years, regardless of when they are filed, are subject to the interest rate of 2/3% per month, or a fraction thereof with a minimum penalty of $25.

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