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Legal interest
Legal interest is a form of compensation for deferment in fulfilling overdue payments. It is necessary to define them in order to generate debt collection documents for which the legal interest should be accrued.
The rate of legal interest is specified by the Cabinet in the Regulation.
Chart 1. Rates that are in force from 2005 to 2013:
| In force from: | Rate |
|---|---|
| 15.12.2008 | 13% |
| 15.10.2005 | 11.5% |
| 10.01.2005 | 13.5% |
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