2026-13298NoticeWallet

Customs Interest Rates Rise to 7 Percent in July

Published Date: 7/1/2026

Notice

Summary

Starting July 1, 2026, the IRS interest rates for customs duty payments and refunds are going up! Both companies and individuals will pay 7% interest on overdue amounts, while refunds will earn 7% for individuals and 6% for companies. If you deal with customs duties, these new rates could affect how much extra you pay or get back this quarter.

Analyzed Economic Effects

3 provisions identified: 2 benefits, 1 costs, 0 mixed.

7% Interest on Overdue Customs Duties

If you owe customs duties, starting July 1, 2026 you will be charged 7% interest on overdue amounts for both corporations and non-corporations for the quarter July 1, 2026 through September 30, 2026.

7% Interest on Refunds for Non‑Corporations

If you are a non-corporation (an individual or non-corporate entity) receiving a customs duty refund, starting July 1, 2026 you will receive 7% interest on the refund for the quarter July 1, 2026 through September 30, 2026.

6% Interest on Corporate Refunds

If you are a corporation receiving a customs duty refund, starting July 1, 2026 you will receive 6% interest on the refund for the quarter July 1, 2026 through September 30, 2026.

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Key Dates

Published Date
7/1/2026

Department and Agencies

Department
Independent Agency
Agency
Homeland Security Department
U.S. Customs and Border Protection
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