UPDATE: Licensing and enforcement of ENDS products On December 19, 2024, the United States District Court for the District of Rhode Island denied an injunction sought by plaintiffs to enjoin the flavored ENDS ban. At this time, the flavored ENDS ban will be enforceable on its effective date of January 1, 2025.Licensing and enforcement of Electronic Nicotine-Delivery System (ENDS) products, also known as ecigarettes or vapes, are being transitioned to the Rhode Island Division of Taxation. For more information, please see the Division’s Notice and/or visit the ENDS tax webpage.
Interest Rates Delinquencies and Overpayments 2023 The interest rate on delinquent tax payments will now be based on tax type. For those tax types considered “trust fund” taxes, the interest rate has been set at eighteen percent (18%) per annum. For those tax types not considered “trust fund” taxes, the interest rate has been set at twelve percent (12%) per annum. The rate so set will be in effect for the calendar year 2023. Interest on overpayments for the calendar year 2023 shall be at the rate of six and one-quarter percent (6.25%) per annum. 2022 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2022. Interest on overpayments for the calendar year 2022 shall be at the rate of three and one-quarter percent (3.25%) per annum. 2021 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2021. Interest on overpayments for the calendar year 2021 shall be at the rate of three and one-quarter percent (3.25%) per annum. 2020 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2020. Interest on overpayments for the calendar year 2020 shall be at the rate of five percent (5.00%) per annum. 2019 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2019. Interest on overpayments for the calendar year 2019 shall be at the rate of five and one-quarter percent (5.25%) per annum. 2018 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2018. Interest on overpayments for the calendar year 2018 shall be at the rate of four and one-quarter percent (4.25%) per annum. 2017 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2017. Interest on overpayments for the calendar year 2017 shall be at the rate of three and one-half percent (3.50%) per annum. 2016 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2016. Interest on overpayments for the calendar year 2016 shall be at the rate of three and one-quarter percent (3.25%) per annum. 2015 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2015. Interest on overpayments for the calendar year 2015 shall be at the rate of three and one-quarter percent (3.25%) per annum. 2014 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2014. Interest on overpayments for the calendar year 2014 shall be at the rate of three and one-quarter percent (3.25%) per annum. 2013 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2013. Interest on overpayments for the calendar year 2013 shall be at the rate of three and one-quarter percent (3.25%) per annum. 2012 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2012. Interest on overpayments for the calendar year 2012 shall be at the rate of three and one-quarter percent (3.25%) per annum. 2011 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2011. Interest on overpayments for the calendar year 2011 shall be at the rate of three and one-quarter percent (3.25%) per annum. 2010 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2010. Interest on overpayments for the calendar year 2010 shall be at the rate of three and one-quarter percent (3.25%) per annum. 2009 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2009. Interest on overpayments for the calendar year 2009 shall be at the rate of five (5.00%) per annum. 2008 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2008. Interest on overpayments for the calendar year 2008 shall be at the rate of seven and three-quarters percent (7.75%) per annum. 2007 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the calendar year 2007. Interest on overpayments for the calendar year 2007 shall be at the rate of eight and one-quarter percent (8.25%) per annum. 2006 The interest rate on delinquent tax payments has been set at eighteen percent (18%) per annum. The rate so set will be in effect for the fourth quarter of calendar year 2006. Interest on overpayments for the third and fourth quarters of calendar year 2006 shall be at the rate of six and three-quarters percent (6.75%) per annum Note: Rates are based on formulas set in statute. (See R.I. Gen. Laws §§ 44-1-7 and 44-1-7.1.) Neena S. Savage, Esq. Rhode Island Tax Administrator October 8, 2021