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No Change to Quarterly IRS Interest Rates Relating to Customs Duties

Friday, August 12, 2016
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection has updated its list of the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties. For the quarter July 1 through Sept. 30, 2016, the interest rates for overpayments are three percent for corporations and four percent for non-corporations, and the interest rate for underpayments is four percent. These rates are unchanged from the previous quarter.

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