Spidell News

Categories

Hot News and Notes
Flash E-Mail

CDTFA interest rates


The CDTFA released the interest rates for underpayments and amounts past due and for overpayments. For the period July 1, 2018, through December 31, 2018, the interest rate to be applied to underpayments and amounts past due will remain at 7% and the interest rate to be applied to overpayments will remain at 1%.

For the period January 1, 2019, through June 30, 2019, the interest rate to be applied to underpayments and amounts past due will remain at 7% and the interest rate to be applied to overpayments will increase to 2%.

These interest rates apply to the taxes and fees administered by the CDTFA, including sales and use tax, cigarette tax, hazardous substances tax, alcoholic beverage excise tax, motor vehicle fuel tax, use fuel tax, diesel fuel tax, energy resources surcharge, and emergency telephone users surcharge, except that they do not apply to the IFTA (International Fuel Tax Agreement) program.

To see historical rates, go to:

www.cdtfa.ca.gov/taxes-and-fees/interest-rates.htm