Interest rates

tax | legal | accounting

Tax interest

For assessments from 2012 and later, tax interest is calculated from 1 July of the year following the applicable tax year. This only applies if the date of the assessment is 1 July or later. The tax interest for regular assessments is calculated over a period from 1 July to 6 weeks after the date of the assessment.

In the case of any recovery assessment, the calculation period is from 1 July to 1 month after the date of the assessment.

If the reporting year of a company for the corporate income tax is not the same as a calender year, the tax interest rate is calculated from the 7th month after the end of the reporting year to 6 weeks after the date of the assessment.

For tax assessments on wage tax, VAT, transfer tax and other business taxes imposed after the end of the tax year, the period for which tax interest is calculated begins immediately after the end of the tax year on which the tax is levied. The calculation of the tax interest will then be for the period from 1 January to 14 days after the date of the assessment. In the case of voluntary adjustments of a tax return within 3 months of the end of the tax year, no tax interest will be applied.

In the case of tax refunds, tax interest will be reimbursed if the tax authorities use more than 8 weeks to process the refund request. The period starts 3 months after the end of the tax year of the refund and ends 14 days after the date of the refund assessment.

At the inheritance tax, tax interest is calculated from 8 months after the date of the passing away until 6 weeks after the date on the assessment. This applies to assessments regarding a passing away after 31 December 2012.

Tax interest is calculated from 1 July following the year in which the refund is to be applied to 14 days after the date on the refund assessment.

Tax interest in general

Year —– 1st quarter- 2nd quarter- 3rd quarter- 4th quarter-
2019 4 % 4 %
4 % 4 %
2018 4 % 4 %
4 %
4 %
2017 4 % 4 % 4 % 4 %
2016 4 % 4 % 4 % 4 %
2015 4 % 4 % 4 % 4 %
2014 3 % 4 % 4 % 4 %
2013 3 % 3 % 3 % 3 %
2012 4 % 4 % 3 % 3 %

Corporate income tax interest rate

Year —- 1st quarter- 2nd quarter- 3rd quarter- 4th quarter-
2019 8 % 8 %
8 %
8 %
2018 8 % 8 %
8 %
8 %
2017 8 % 8 % 8 % 8 %
2016 8,05 % 8,05 % 8,05 % 8 %
2015 8,15 % 8,05 % 8,05 % 8,05 %
2014 3 % 8,25 % 8,25 % 8,25 %
2013 3 % 3 % 3 % 3 %
2012 4 % 4 % 3 % 3 %

WSF – Interest

From Loans for 01-01-1992- Loans from 01-01-1992
01-01-2018 0,00% 0,00%
01-01-2017 0,00% 0,00%
01-01-2016 0,00% 0,01%
01-01-2015 0,00% 0,12%
01-01-2014 0,00% 0,81%
01-01-2013 0,00 % 0,60 %
01-01-2012 0,00 % 1,39 %
01-01-2011 0,00 % 1,50 %
01-01-2010 0,74 % 2,39 %
01-07-2009 1,93 % 3,58 %

Standard interest

Year —- Percentages ()
2017 Market interest
2016 Market interest
2015 Market interest
2014 4,0 %
2013 3,0 %
2012 2,85 %
2011 2,5 %
2010 2,5 %
2009 4,9 %
2008 5,3 %
2007 4,7 %
2006 3,5 %
2005 3,5 %

Rate of levy and recovery rate

Year —- 1st quarter- 2nd quarter- 3rd quarter- 4th quarter
2013 See Tax Interest 2013
2012 2,85 % 2,3 % 2,5 % 2,25 %
2011 2,5 % 2,5 % 2,75 % 3 %
2010 2,5 % 2,5 % 2,5 % 2,5 %
2009 4,9 % 3,5 % 2,75 % 2,5 %
2008 5,3 % 4,75 % 5,15 % 5,45 %
2007 4,7 % 5 % 5,25 % 5,40 %
2006 3,5 % 3,75 % 4 % 4,25 %
2005 5 % 5 % 5 % 5 %
2004 3,5 % 3,5 % 3,5 % 3,5 %
2003 3,25 % 3,1 % 2,5 % 2 %
2002 3,45 % 3,25 % 3,25 % 3,25 %
2001 4,7 % 4,1 % 4,45 % 4,2 %
2000 2,75 % 3,25 % 4 % 4,5 %
1999 3,25 % 3,25 % 2,75 % 2,75 %
1998 3,25 % 3,25 % 3,25 % 3,25 %
1997 2,5 % 2,5 % 3 % 3 %
1996 4 % 3,25 % 2,5 % 2,5 %
1995 5 % 5 % 4,5 % 4,25 %
1994 5,15 % 4,9 % 5,25 % 5 %

Statutory interest non-commerce transactions

Period of —- Period t/M- Percentages ()
01-01-2015 Present 2 %
01-07-2012 31-12-2014 3 %
01-07-2011 30-06-2012 4 %
01-01-2010 30-06-2011 3 %
01-07-2009 31-12-2009 4 %
01-07-2007 30-06-2009 6 %
01-02-2004 31-12-2006 4 %

Legal Interest Commerce transactions

Period of —- Period t/M- Percentages ()
01-07-2016 Present
8 %
01-01-2015 30-06-2015 8,05 %
01-07-2014 31-12-2014 8,15 %
01-01-2014
20-06-2014
8,25 %
01-07-2013
31-12-2013
8,5 %
01-01-2013
30-06-2013
7,75 %
01-01-2012 31-12-2012
8 %
01-07-2011 31-12-2011 8,25 %
01-01-2010 30-06-2011 3 %
01-07-2009 30-06-2011 8 %
01-01-2009 30-06-2009 9,5 %
01-07-2008
31-12-2008
11,07 %
01-01-2008 30-06-2008 11,20 %