The standard legal interest rate is applied in civil and commercial matters (f.e. between a retailer and a consumer).  Last year this rate amounted to 5,5% p.a.  This rate does not apply to “commercial transactions”.
The legal interest rate applicable to so-called “commercial transactions” is determined according to the law of 02/08/2002 on combating late payment in commercial transactions.  In the first semester of 2010 this rate amounts to 8 % p.a.

For more information, please contact Ingrid Van Clemen or Ellen Dassen.