News

Back

Use-of-money interest (UOMI) rate change

From 29 August 2019 the UOMI rates on underpayments and overpayments of tax changed.

The new rates are: 

  • underpayment rate: 8.35% (previously 8.22%)
  • overpayment rate: 0.81% (previously 1.02%)

Source: www.ird.govt.nz


.