Glossary

Collection interest (invorderingsrente) is interest charged by the Dutch Tax Authority when you pay a tax assessment too late. The rate is 4% per year and is calculated from the day after the payment deadline up to and including the day of payment. Collection interest differs from tax interest: tax interest is charged for late filing or a late request for a provisional assessment, while collection interest arises from late payment of an assessment already issued. Both can accumulate if you both file late and pay late.