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SERVICE OF INDUSTRY AND TECHNOLOGY

Announcements


Interest Rates for Late Payments - 01/07/2019


    The Ministry of Energy, Commerce and Industry announces the interest rates for the period between July the 1st and December the 31st 2019 as per Law 123/(I) of 2012 entitled “Law on combating late payments in commercial transactions and for related matters”.

    Reference Rate: 0.00% (Main Refinancing Operations (MRO) rate (0.00%)) as this is published on the website of the European Central Bank).

    Rate for the calculation of the statutory Late Payment Interest Rate: 8.00%
    (MRO rate plus 8 percentage points (8%)).

    Penalty interest due for late payments should be calculated at a daily rate.



    Related Files:

    17. Jul-Dec 2019 Interest Rates for Late Payment as per Law N123 2012.pdf
    The file requires Acrobat Reader to open (Size: 85,38Kb)