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Tax News
New adjusted interest rate

The adjusted interest rate has been determined for the period January 1, 2008, to June 30, 2008, and will remain at eight percent. The interest rate (Section 19521, formerly 19269, of the Revenue and Taxation Code) is compounded daily, and accrues for personal income, corporate income, and franchise taxes.

The rate for corporation tax overpayments for the period will remain at five percent.

You can find current and former adjusted interest rates on our Website.