The Georgia Department of Revenue has announced that for calendar year 2017, the interest rate applicable to past due taxes and interest-bearing refunds is 6.75%, accruing monthly. Interest-bearing refunds accrue interest from the date the tax is paid to the department. Interest on past due taxes accrues from the due date until the date the tax is paid. (Policy Bulletin ADMIN-2017-01, Georgia Department of Revenue, January 13, 2017.)
Visit our News Library to read more news stories.