What is the applicable interest rate?

Interest rates shall be equal to the interest rate applicable with respect to refunds of VAT to taxable persons established in the MSR under the national law of that Member State.

If no interest is payable under national law in respect of refunds to established taxable persons, the interest payable shall be equal to the interest or equivalent charge which is applied by the MSR in respect of late payments of VAT by taxable persons.

Posted in: Approval

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