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MI Sales Tax Interest Rate

Program: MI Sales Tax Express Program

The interest rate due on underpayments/overpayments to State of Michigan has been changed due to Revenue Administrative Bulletin (RAB) 2020-18. The interest rate has been decreased from 5.63% to 4.25% effective for the period beginning January 1, 2021 through June 30, 2021. To change the interest rate in MI Sales Tax Express 2021:

1. From within MI Sales Tax Express 2020 click on Setup
2. Click on Configuration
3. Click on Defaults
4. In the Annual Interest Rate field 1/1/21 - 6/30/21 change rate to 4.25
5. Click OK

For more information please see
RAB2020-18