Detailed description
The previous interest rate of 0.5% per month was declared incompatible by the Federal Constitutional Court. The interest rate will be reduced retrospectively for interest periods from January 1, 2019 to 0.15% per month through new statutory regulations .
- The demanding technical implementation of the new legal regulation takes place at different times in all federal states.
- If you meet the requirements for the reduction of the interest already fixed, the interest will be recalculated automatically .
- You will receive an amended notification with explanations for the calculation of interest on arrears.
- You will automatically receive the notices with explanations on how the interest rate is set.
- Delivery will take place from mid-February to March 2023.
- A change in the rate of interest will only be in your favour . An application is not necessary.
- If an interest refund is calculated for you, this will be refunded to the account known to the tax office. If no account details are stored, your tax office will contact you.
- Interest on arrears already paid will be reduced. You will not receive any interest on the reimbursement (no compound interest) .