(Tax News Reporter - Week ended 15 August 1996)
Interest for late payment of pension fund contributions was reduced from 1% per day to 1/300 of the effective Central Bank rate, which for the time being makes it 0.37% per day. A Tax Alert will also follow with the descriptive analysis.
Federal Law of 8 July 1996 N 88-FZ
For further information contact Bauke van der Meer on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: Click Contact Link or enter a text search 'Coopers & Lybrand' and 'Business Monitor'
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Interest for late payment of pension fund contributions was reduced from 1% per day to 1/300 of the effective Central Bank rate, which for the time being makes it 0.37% per day. A Tax Alert will also follow with the descriptive analysis.
Federal Law of 8 July 1996 N 88-FZ
For further information contact Bauke van der Meer on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: Click Contact Link or enter a text search 'Coopers & Lybrand' and 'Business Monitor'
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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