APPLICABLE FEDERAL RATE
AFR is a collection of rates that is published monthly for the purposes of computing federal income by the Internal Revenue Services. These rates are very helpful in calculating the assigned interest charges. Monthly, the Internal Revenue Services publishes AFR following the Internal Revenue Code section 1274(d). Loan interests should be more than the published AFR for it to be considered not a gift but a taxable event by IRS.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | Mid-Year Economic and Fiscal Outlook | ||
| 02:01 | Rightmove House Prices | Dec | |
| 04:00 | Fixed Asset Investment | Nov | |
| 04:00 | Industrial production | Nov | |
| 04:00 | Retail Sales | Nov | |
| 04:00 | Unemployment Rate | Nov | |
| 04:00 | NBS Press Conference | ||
| 06:30 | Tertiary Industry Index | Oct | |
| 09:00 | Wholesale Price Index | Nov |
