Friday, November 25, 2022

Annual interest rates announced & updated guidance for interest on delinquencies

The Rhode Island Division of Taxation has announced the interest rates that will apply in 2023 to overpayments and underpayments. The rates are based on formulas set in statute. 

More information is Available in Advisory 2022-34.

The Division has also provided updated guidance regarding the periods impacted by the interest rate change. See updated Advisory 2022-25 and the updated Interest Rate FAQs for more information.