Tax News Reporter - Two Weeks Ended 12 November 1996
The Pension Fund has announced that in the third quarter of 1996 regional branches of the fund may still use the former late payment interest rate of 0.3% per day. As of 10 July 1996, the rate was set 1/300 of the Central Bank refinancing rate, but the Pension Fund is experiencing difficulties in implementing these changes in its calculation programs. Excess payments of interest will be settled in the fourth quarter of 1996.
Regulation of the Pension Fund of 20 September 1996 No. EV-16-11/6760-IN
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