The Virginia Department of Taxation recently published Tax Bulletin 18-5, which details the interest rate for certain tax types. This includes the underpayment and overpayment rates for unpaid taxes or refunds, respectively.
The rate for the fourth quarter of 2018 remains unchanged at 7% for both underpayments and overpayments.
To review this Tax Bulletin in full, please visit the Virginia Department of Taxation by clicking here.
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