Filenews 30 December 2024
The public interest rate for late payment was set at 5.5% and the court rate at 6% by the Minister of Finance, Makis Keravnos, in decrees issued on Monday. Both interest rates take effect on 1 January.
According to the Decree on the Determination of the Single Public Interest Rate for Late Payment for the year 2025, the amount of the public interest rate for late payment is set at 5.50%, while at the same time the relevant decree for the year 2024, which set the public interest rate for late payment at 5%, is repealed.
According to the law, public interest for late payment is the interest payable by or to the State as a result of failure or delay in the payment of any overdue debt or debt owed by or to the State.
At the same time, the Minister issued a decree setting the judicial interest rate, setting the judicial rate at 6%, from 5.50% in 2024.
