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Written by:
Willemijn Houter


Interest on tax: what are the rules?

The Dutch State Secretary for Finance in response to parliamentary questions on the subject has recently explained why less interest is paid on tax refunds than is charged on outstanding taxes. Rather than routinely paying interest on reimbursable taxes, as used to be the case, the Tax and Customs Administration now only pays interest on tax refunds where it has missed the deadline for finalising the underlying tax return or petition. The State Secretary appreciates that the new approach by doing away with the possibility of “saving up” with the Tax and Customs Administration by virtue of credit interest accruing on (future) tax refunds may come across as unfair.

Tax payers are entitled to receiving (credit) interest on overdue tax refunds from the Collector of Taxes for failure on the part of the tax authorities, through no fault of the tax payer in question, within the requisite six-week term of the due date to pay out or set off the relevant refund. In the event of a petition for deferred payment having originally been denied, credit interest on overdue tax will be paid where the tax assessment to which the petition related is successfully reduced or quashed at a later stage.

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Dutch version: Uitleg regeling belastingrente

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