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14.6. Interest Compensation for Overpayment of Tax

The Czech Republic generally provides refunds of overpaid tax when requested. If the overpayment is due to an error of the tax authorities, interest is paid on the overpaid tax at the rate of 8% (reduced from 14% effective from 1 January 2021) plus the repo rate of the Czech National Bank at the first day of the relevant half-year period.