Use-of-money Interest Rates Changed

Use-of-money interest rates in New Zealand on underpayments and overpayments of tax changed today, 8 May 2012.

The current rates are:

  • new underpayment rate – 8.40% (previous underpayment rate  – 8.89%)
  • new overpayment rate – 1.75% (previous overpayment rate –  2.18%).
May 7th, 2012