Effects of the new interest rate on installments and civil penalties

Effects of the new interest rate on installments and civil penalties

From September 20, 2023, a new increase in interest rates will begin for payment on INPS contribution installments, INAIL installments and supplements. The degree to which relevant civil penalties are determined also increases. The interest rate for extension and postponement reaches 10.50 percent, while the value of penalties rises to 10 percent.

From tomorrow, September 20the new will be in effect He increases Subordinate interest rates To pay in installments INPS contributions And press e ENAIL ACCESSORIESthe rate used to determine relative Civil penaltiesWhich reaches double digits for the first time.

As a result of the new decision European Central Bankprices move successively to 10.50 percent et al 10 percent.

there European Central BankIn fact, he predicted something new An increase of 25 basis points Subordinate Interest rate on major refinancing operations of the European system To counter the effects of inflation.

INPS contributions and INAIL premiums: implications of the new interest rate on premiums and civil penalties

With the aim of combating inflation. European Central Bank Through the latest monetary policy decision, it chose a new increase of 25 basis points Subordinate interest rate on Refinancing operations The main entities of the European system, which, as announced in press release From September 14, it therefore rises to 4.50 percent.

This increase also affects the interest rate value of the bonds Payment in installments Subordinate INPS contributions And the gods INAIL Trophies and Accessories. The interest rate used to determine the size of the relative interest rate has also increased Civil penalties Which applies to non-payment or late payment.

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there INPS circular n. 81 And the INAIL circular n. 42 September 18 brings change and newness Rate valueswhich respectively stands for in 10.50 percent et al 10 percent.

The increase decided by the European Central Bank has an impact on the respective interest rates, as does the interest rate Premium Subordinate INPS contributions And the gods Press INAIL, governed by matter. 3, paragraph 4 of Decree-Law n. 318/1996which is an interest rate equal to the minimum participation rate in the main refinancing operations of the Eurosystem in force at the time of application and to which it is applied. Increase 6 points.

So, this is the calculation to get the new value of the price, 10.50 percent.

As has also happened with other increases in recent months, INPS and INAIL have reiterated this for Payment plans Which it actually was Issued Notified, the law continues to apply interest rate Valid when Moment of question.

In case Postponing INPS contributionsMoreover, the Institute informs that the updated interest rate will be applied starting from Input Closely related to September 2023.

INPS – Circular No. 81 dated September 18, 2023
The change in the amount of deferred and deferred benefits and additional amounts for omitted or late payments of Social Security and welfare contributions

INPS contributions and INAIL premiums: consequences of the increase for determining civil penalties

As mentioned, the ECB’s monetary policy decision also has an impact on… Civil penalties scale Which applies in case Missed or late payments to Awards or Contributions, in accordance with the provisions of Art. 116, paragraphs 8 and 10 of Law No. 388/2000.

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the new interest ratewhich has been in effect since September 20, reaches double digits for the first time, reaching 10 percent. The value is calculated starting from the interest rate on major refinancing operations of the Eurosystem, to which a An increase of 5.5 points Percentages.

INPS emphasizes how to do this Penalties Related Social security contributions The 30 percent scale remains unchanged Limit of 60 percent Of the amount that was not paid on time.

In case Penalties Related Press INAILHowever, the Institute highlights how not to go beyond these matters 40 percent From the amount of installments that were not paid within the legal period.

the PenaltiesMoreover, in cases Bankruptcy proceduresThey can reduced It is calculated at the interest rate on the main refinancing operations of the European system on condition of payment of all expenses (Article 116, paragraph 8, letter A), of Law No. 116. 388/2000).

In cases EvasionHence, the penalty amount is equal to the interest rate on principal refinances It rose by 2 points. In this case, if the interest rate on major refinancing operations falls below this Legal interest rateThe maximum discount will be equal to the legal price, while the minimum will be equal to the legal interest plus two points.

Accordingly, taking into account that Interest rates on refinancing operations (4.5 percent) remains Lower toLegal interest Effective January 1, 2023 (5 percent), Maximum reduction It equals Legal ratewhile decreased minimum will be equal to 7 percentThat is, the legal interest increased by two points.

ENAIL – Circular No. 42 dated September 18, 2023
Payment of premiums and supplements. Adjusting the interest rate on the installment and the extent of civil penalties.
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