Full Form of AFTR
| Full Form: | Applicable Federal Tax Rate |
|---|---|
| Category: | Business & Finance |
| Sub Category: | Accounting |
What is AFTR Full Form?
AFTR is full form Applicable Federal Tax Rate
What is Applicable Federal Tax Rate?
The applicable federal rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans. Each month the IRS publishes a set of interest rates that the agency considers the minimum market rate for loans. Any interest rate that is less than the AFR would have tax implications.