Cyprus late-payment interest rate
Statutory interest for late payment in commercial transactions under EU Directive 2011/7/EU: the ECB main refinancing rate in force on the first day of the calendar half-year, plus 8 percentage points. Derived live from this country's ecb-main-refinancing-rate series; fixed for the half-year, so it can differ from today's live MRO.
| Current value | 10.4 percent |
|---|---|
| In force from | 2026-07-01 |
| Official source | Derived from the ECB main refinancing rate (this API's ecb-main-refinancing-rate series) under EU Directive 2011/7/EU, art. 2 (half-yearly snapshot) |
| Last verified | 2026-07-30 |
| Verification | derived — Computed from another series we hold, not read from any document. Computed from another series we hold (reference rate plus the statutory margin), not read from a document. |
| Provenance | source fingerprint |
What this value means
EU-harmonised statutory interest for late payment in commercial transactions = ECB main refinancing rate (snapshotted on 1 January / 1 July) + 8 percentage points (Directive 2011/7/EU, art. 2). This is the Directive MINIMUM and the figure the European Commission publishes per member state; national transposition may set a HIGHER rate for some transaction types. Because it is a half-yearly snapshot, the value tracks the MRO as of the half-year start, not today's live MRO. Derived live from this country's ecb-main-refinancing-rate series. Implemented in Cyprus by Ν. 123(Ι)/2012, Ο περί της Καταπολέμησης των Καθυστερήσεων Πληρωμών στις Εμπορικές Συναλλαγές Νόμος, as amended by Ν. 227(Ι)/2022, in force since 27 July 2012 - note that the frequently cited Ν. 73(Ι)/2012 is wrong: 73(Ι)/2003 was the REPEALED predecessor transposing the earlier Directive 2000/35/EC. The rate is the euro-area default of the ECB main refinancing rate plus 8 percentage points, published semi-annually by the ministry, giving 10.15% for H1 2026 and 10.40% for H2 2026. The same law sets a default payment term of 30 days (60 by contract, and up to 60 for healthcare entities), fixed recovery compensation of 40 EUR, and a 90-day judicial deadline. TWO OTHER CYPRIOT INTEREST RATES EXIST AND MUST NOT BE CONFLATED WITH THIS ONE: the Ενιαίο Δημόσιο Επιτόκιο Υπερημερίας on overdue TAXES, set annually by decree under Ν. 167(Ι)/2006 and unrelated to the ECB rate (5.00% in 2024, 5.50% in 2025, reported at 3.50% for 2026 though the decree was not obtained), and a separate judgment-interest rate of about 2% set by ministerial order.
Earlier values
| From | Value | Source |
|---|---|---|
| 2015-01-01 | 8.05 | Derived from the ECB main refinancing rate (this API's ecb-m |
| 2016-07-01 | 8 | Derived from the ECB main refinancing rate (this API's ecb-m |
| 2023-01-01 | 10.5 | Derived from the ECB main refinancing rate (this API's ecb-m |
| 2023-07-01 | 12 | Derived from the ECB main refinancing rate (this API's ecb-m |
| 2024-01-01 | 12.5 | Derived from the ECB main refinancing rate (this API's ecb-m |
| 2024-07-01 | 12.25 | Derived from the ECB main refinancing rate (this API's ecb-m |
| 2025-01-01 | 11.15 | Derived from the ECB main refinancing rate (this API's ecb-m |
| 2025-07-01 | 10.15 | Derived from the ECB main refinancing rate (this API's ecb-m |
Get it programmatically
curl https://euroref.dev/v1/cy/late-payment-interest
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://euroref.dev/v1/cy/late-payment-interest/history?from=2020-01-01
# Provenance: curl https://euroref.dev/provenance/cy/late-payment-interestOther Cyprus series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates · ECB main refinancing rate