Does variable tax interest still exist?

The variable tax interest has been replaced by the fixed tax interest. The variable tax interest does still apply for taxations concerning the tax years of 2011 or before and broken fiscal years until 2011/2012. The variable tax interest can be charged if you have to make an (additional) payment for the taxation. You can, furthermore, be entitled for a compensation for the variable interest rate if you have been taxed too much. This article discusses the variable interest rate regarding the income tax and the corporate tax.

Over what period do you pay the variable tax interest?

The variable tax interest can be charged if you have to pay for the assessment or provisional assessment. This only applies, of course, if the assessment has been imposed after the start date of the interest charge period. The variable interest rate is charged over the net-assessment. Meaning the payable/receivable amount of the assessment minus withholding taxes, the provisional assessments and provisional reimbursements.

Start date

Over the period 2005 until 2009 variable tax interest is charged from the middle of the period. For the year 2006, for example, that is the 1st of July 2006 of the concerned tax year.

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