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.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-13273 — Agency Information Collection Activities; Revision; Entry Summary
U.S. Customs and Border Protection is updating the paperwork they collect for entry summaries, which affects businesses importing goods. They want your feedback by August 31, 2026, to make sure the process is clear and not too time-consuming. This update aims to keep things smooth without adding extra costs or delays.
2026-13270 — Agency Information Collection Activities; Revision; Extension; Cargo Manifest/Declaration, Stow Plan, Container Status Messages and Importer Security Filing
U.S. Customs and Border Protection is updating and extending the paperwork rules for shipping info like cargo lists, stow plans, and container updates. This affects importers, shipping companies, and anyone handling cargo data. They want your feedback by August 31, 2026, and these changes help keep trade smooth without adding extra costs.
2026-13276 — Agency Information Collection Activities; Revision; Entry/ Immediate Delivery Application and ACE Cargo Release
U.S. Customs and Border Protection is updating the forms and info they collect for cargo entry and immediate delivery. This affects businesses and agencies involved in shipping and trade, aiming to make the process smoother and clearer. They want your feedback by August 31, 2026, so don’t miss the chance to weigh in before any changes take effect.
2026-12669 — Indefinite Suspension of the De Minimis Exemption for Mail Shipments and New Postal Informal Entry Process
Starting July 24, 2026, the U.S. Customs and Border Protection is stopping the $800 tax-free rule for mail shipments coming into the U.S. Instead, a new process will handle these packages to better track and tax imports. This change affects anyone sending or receiving international mail and aims to protect U.S. revenue from unpaid duties.
2026-12668 — Test of the New Electronic Informal Entry Process for Mail
Starting September 22, 2026, U.S. Customs is testing a new electronic way to handle small packages coming through international mail. This new process, called Informal Mail Entry, affects anyone sending or receiving mail shipments and aims to make customs faster and clearer, especially since duty-free rules for items under $800 are paused. The test will run until further notice, and feedback is welcome throughout.
2026-12670 — Indefinite Suspension of the De Minimis Exemption for Merchandise Arriving Through All Modes Other Than the International Postal Network
Starting June 24, 2026, small shipments worth $800 or less arriving by anything but the international postal network will no longer skip customs checks. This means everyone importing these goods must follow formal or informal entry rules, which could mean more paperwork and possible fees. If you’re a shopper, seller, or shipper using other delivery methods, get ready for this change and share your thoughts by July 24, 2026!
Previous / Next Documents
Previous: 2026-13297 — Sunshine Act Meetings
The Farm Credit Administration is holding a public meeting on July 9, 2026, where they’ll review past minutes and update everyone on Farm Credit System funding. Anyone interested can join in person or online by registering at least 24 hours ahead. This keeps things transparent and lets folks stay in the loop without spending a dime!
Next: 2026-13299 — Board of Directors Meeting
The Farm Credit System Insurance Corporation’s Board of Directors will meet on July 8, 2026, to review financial reports, insurance rates, and performance plans. Some parts of the meeting are open to the public, so anyone interested can watch in person or online by registering a day ahead. This meeting affects farmers and lenders who rely on insurance rates and financial stability, with potential updates on insurance premiums coming soon.