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MI Sales Tax Interest Rate Change

Program: MI Sales Tax Express Program

Subject: MI Sales Tax interest rate change

The interest rate due on underpayments/overpayments to State of Michigan has been changed due to Revenue Administrative Bulletin (RAB) 2017-9. The interest rate has been increased from 4.5% to 4.7% effective for the period beginning July 1, 2017 through December 31, 2017. To change the interest rate in MI Sales Tax Express 2017:

1. From within MI Sales Tax Express 2017 click on Setup
2. Click on Configuration
3. Click on Defaults
4. In the Annual Interest Rate field 7/1/17 - 12/31/17 change rate to 4.7
5. Click OK

For more information please see
RAB2017-9