Current CNB rates and their tax implications
As of 1 January 2025, the CNB repo rate is 4 % (this rate is valid since its last change on November 7, 2024). The value of this rate directly impacts, in particular, the amount of default interest under the Tax Code, which the tax administrator imposes in the event of late tax payment (including advance payments).
The amount of this interest is calculated as the CNB repo rate + 8 %. In case of a delay in payment of interest in the first half of 2025, you have to count on interest on late payment of 12 % p.a.