Statutory interest: Difference between revisions
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*[[Small and Medium-sized Enterprises]] | *[[Small and Medium-sized Enterprises]] | ||
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*[[Statutory]] | *[[Statutory]] | ||
Latest revision as of 11:20, 10 October 2025
Late payment - small & medium-sized enterprises - tax.
Statutory interest is interest imposed and calculated in accordance with a written law (statute).
Its purposes are generally to discourage late payments, or to compensate in cases of late payments that have occurred.
Examples include late commercial payments, and late payments of tax to a tax authority.
