IRS Interest Rates for Customs Duties: Same Old 7%, No Drama
Published Date: 7/1/2025
Notice
Summary
Starting July 1, 2025, the IRS interest rates for late payments and refunds on customs duties stay steady. If you owe money, expect a 7% interest rate whether you're a business or not. If you’re getting a refund, non-business folks get 7%, and businesses get 6%. This keeps things clear and predictable for everyone dealing with customs duties.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
7% Interest on Late Customs Payments
If you owe customs duties, the IRS interest rate for late payments (underpayments) is 7 percent for both corporations and non-corporations for the calendar quarter beginning July 1, 2025. That 7% rate applies whether you are a business or an individual importer and is used to calculate interest on overdue customs accounts.
Interest on Customs Duty Refunds: 7% and 6%
If you are getting a refund of customs duties for the calendar quarter beginning July 1, 2025, the IRS interest rate paid on overpayments is 7 percent for non-corporations and 6 percent for corporations. Those rates determine the interest added to refund amounts issued by U.S. Customs and Border Protection.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-16432, Imposition of Import Restrictions on Categories of Archaeological and Ethnological Material of Nepal
This document amends U.S. Customs and Border Protection (CBP) regulations to reflect the imposition of import restrictions on certain archaeological and ethnological material from the Federal Democratic Republic of Nepal (Nepal). These restrictions are imposed pursuant to an agreement between the United States and Nepal, entered into under the authority of the Convention on Cultural Property Implementation Act. This document amends the CBP regulations by adding Nepal to the list of countries which have bilateral agreements with the United States imposing cultural property import restrictions and contains the Designated List, describing the archaeological and ethnological material to which the restrictions apply.
2026-15610, Agency Information Collection Activities; Extension; Free Trade Agreements (FTAs)
The Department of Homeland Security, U.S. Customs and Border Protection (CBP) will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). The information collection is published in the Federal Register to obtain comments from the public and affected agencies.
2026-15609, Agency Information Collection Activities; Revision; Cargo Manifest/Declaration, Stow Plan, Container Status Messages and Importer Security Filing
The Department of Homeland Security, U.S. Customs and Border Protection (CBP) will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). The information collection is published in the Federal Register to obtain comments from the public and affected agencies.
2026-15530, Customs User Fees To Be Adjusted for Inflation in Fiscal Year 2027
This document announces that U.S. Customs and Border Protection (CBP) is adjusting certain customs user fees and corresponding limitations established by the Consolidated Omnibus Budget Reconciliation Act (COBRA) for Fiscal Year 2027 in accordance with the Fixing America's Surface Transportation Act (FAST Act) as implemented by the CBP regulations.
2026-15310, Air Declaration Zone Test: Extension
This notice announces that U.S. Customs and Border Protection (CBP) is extending the Air Declaration Zone Test for an additional two years. Current CBP regulations require each traveler to provide a CBP officer with an oral or written declaration of all articles brought into the United States. The Air Declaration Zone Test streamlines the processing of travelers who enter the United States at air ports of entry by allowing a demonstrative initial declaration to separate travelers who do not have items to declare from those who have items to declare and, in some cases, replace the provision of oral or written declarations.
2026-14309, Accreditation and Approval of Camin Cargo Control, Inc. (Thorofare, NJ) as a Commercial Gauger and Laboratory
Camin Cargo Control, Inc. in Thorofare, NJ, is officially approved to measure and test petroleum products for U.S. Customs starting September 30, 2025. This approval lasts three years, helping ensure accurate fuel checks without extra costs or delays. Businesses dealing with petroleum can trust Camin’s expert services until the next review in 2028.
Previous / Next Documents
Previous: 2025-12239, Current List of HHS-Certified Laboratories and Instrumented Initial Testing Facilities Which Meet Minimum Standards To Engage in Urine and Oral Fluid Drug Testing for Federal Agencies
The Department of Health and Human Services just shared the updated list of labs and testing spots approved to do urine and oral fluid drug tests for federal workers. If you’re part of a federal agency or work with drug testing, this list tells you who’s officially good to go. No big changes in cost or timing, just a fresh, reliable lineup to keep things running smooth and fair.
Next: 2025-12242, Notice of OFAC Sanctions Actions
The U.S. Treasury’s OFAC just took some folks off their special sanctions list, meaning these people are no longer blocked or restricted. This change frees up money and business opportunities for those removed, starting right now. If you’ve been watching this list, it’s time to update your records and keep an eye on future moves!