BELGIAN LEGAL INTEREST RATE FOR THE YEAR 2016

The legal interest rate for the year 2016 has been set at 2,25 % (publication in the Belgian Official Gazette of 18 January 2016).

The interest rate of 2015 was 2.50 %

The interest rate according to the law on the late payment in commercial transactions (Law of 02/08/2002 on combating late payment in commercial transactions, modified by the Law of 22 November 2013, B.S. 10/12/2013) amounts to 8.5% for the 1st semester 2016 (communication in the Belgian Law Gazette of 01 February 2016).

For more information, please  contact Isabelle Buelens or Peter Van de Vijver.

Published in: Legal insights