New increases have been announced for the payment of INPS contributions in installments and for the determination of related civil penalties. Starting from 21 June, the interest rate for delay and deferral has reached double digits, climbing to 10 percent, while the interest rate for sanctions has increased to 9.5 percent.
This increase is a result of the new monetary policy decision by the European Central Bank (ECB), which raised the interest rate on the main refinancing operations of the Eurosystem by 25 basis points. The ECB’s decision was announced in a press release on 15 June.
The INPS, through circular no. 56 of 22 June 2023, has communicated the new update of the interest rate for the payment of contributions and the measure of related civil penalties for non-payment or late payment. The interest rate for installment or deferred payment of INPS contributions is fixed at 10 percent, while the
What is the new interest rate for the installment or deferred payment of INPS contributions and the determination of related civil penalties?
New increases have been announced for the payment of INPS contributions in installments and for the determination of related civil penalties. Starting from 21 June, the interest rate for delay and deferral has reached double digits, climbing to 10 percent, while the interest rate for sanctions has increased to 9.5 percent.
This increase is a result of the new monetary policy decision by the European Central Bank (ECB), which raised the interest rate on the main refinancing operations of the Eurosystem by 25 basis points. The ECB’s decision was announced in a press release on 15 June.
The INPS, through circular no. 56 of 22 June 2023, has communicated the new update of the interest rate for the payment of contributions and the measure of related civil penalties for non-payment or late payment. The interest rate for installment or deferred payment of INPS contributions is fixed at 10 percent, while the interest rate for civil penalties has increased to 9.5 percent. These changes are in line with the ECB’s decision to raise interest rates.
It is important for individuals and businesses to be aware of these increases to avoid any penalties or additional costs. Prompt payment of INPS contributions is crucial to ensure compliance with financial obligations and avoid any potential legal consequences.
This article provides a comprehensive overview of the upcoming changes in INPS contributions for 2023. It highlights the impact of interest rates, civil penalties, and monetary policy updates on individuals and businesses. It’s essential for readers to stay informed and prepare accordingly for these changes.