Base interest rate (TOM) and interest rate for late payment (ZOM)

I. Legal interest rate for late payment since 28 June 2003

Act on Interest Rate for Late Payment (ZPOMZO-1, Official Gazette of RS No. 56/2003) prescribed the interest rate for late payment of 17%. The Government of the Republic of Slovenia changed the level of the interest rate for late payment with Decision on the Change of the Interest Rate for Late Payment.

From 1 January 2007, the interest rate for late payment is equal to the leading interest rate, increased by 8 percentage points (ZPOMZO-1A, Official Gazette of the RS, No. 105/2006) and is valid for a six-month period starting on 1 January and 1 July. The Minister of Finance shall publish the level in the Official Gazette of the RS.

The leading interest rate, which is used for the calculation, is marginal interest rate on the last auction of main refinancing operation before the start of the respective six-month period. From 15 October 2008 onward, it is equal to fixed interest rate of main refinancing operations.

From

To

ZOM (per year)

Regulation

01.07.2018 31.12.2018 8,00% The Level of the Interest Rate for Late Payment (Official Gazette No. 46/2018)

01.01.2018

30.06.2018

8,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 1/2018)

01.07.2017

31.12.2017

8,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 34/2017)

01.01.2017

30.06.2017

8,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 1/2017)

01.07.2016

31.12.2016

8,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 48/2016)

01.01.2016

30.06.2016

8,05%

The Level of the Interest Rate for Late Payment (Official Gazette No. 1/2016)

01.07.2015

31.12.2015

8,05%

The Level of the Interest Rate for Late Payment (Official Gazette No. 48/2015)

01.01.2015

30.06.2015

8,05%

The Level of the Interest Rate for Late Payment (Official Gazette No. 2/2015)

01.07.2014

31.12.2014

8,15%

The Level of the Interest Rate for Late Payment (Official Gazette No. 50/2014)

01.01.2014

30.06.2014

8,25%

The Level of the Interest Rate for Late Payment (Official Gazette No. 1/2014)

01.07.2013

31.12.2013

8,50%

The Level of the Interest Rate for Late Payment (Official Gazette No. 56/2013)

01.01.2013

30.06.2013

8,75%

The Level of the Interest Rate for Late Payment (Official Gazette No. 1/2013)

01.07.2012

31.12.2012

9,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 51/2012)

01.01.2012

30.06.2012

9,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 1/2012)

01.07.2011

31.12.2011

9,25%

The Level of the Interest Rate for Late Payment (Official Gazette No. 54/2011)

01.01.2011

30.06.2011

9,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 1/2011)

01.07.2010

31.12.2010

9,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 53/2010)

01.01.2010

30.06.2010

9,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 1/2010)

01.07.2009

31.12.2009

9,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 51/2009)

01.01.2009

30.06.2009

10,50%

The Level of the Interest Rate for Late Payment (Official Gazette No. 1/2009)

01.07.2008

31.12.2008

12,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 73/2008)

01.01.2008

30.06.2008

12,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 2/2008)

01.07.2007

31.12.2007

12,00%

The Level of the Interest Rate for Late Payment (Official Gazette No. 60/2007)

01.01.2007

30.06.2007

11,50%

Act Amending Act on Interest Rate for Late Payment (Official Gazette No. 105/2006)
Decision on the Change of the Interest Rate for Late Payment (Official Gazette No. 1/2007)

01.07.2006

31.12.2006

12,50%

Decision on the Change of the Interest Rate for Late Payment (Official Gazette No. 55/2006)

01.01.2006

30.06.2006

13,50%

Decision on the Change of the Interest Rate for Late Payment (Official Gazette No. 118/2005)

01.01.2004

31.12.2005

15,50%

Decision on the Change of the Interest Rate for Late Payment (Official Gazette No. 135/2003)

28.06.2003

31.12.2003

17,00%

Act on Interest Rate for Late Payment (Official Gazette No. 56/2003)

Pursuant to article 3 (4) of the Act on Interest Rate for Late Payment (Official Gazette No. 56/2003), since July 2003 calculation and publishing of the base interest rate (TOM) is carried out by the Statistical Office of the Republic of Slovenia.

II. Legal interest rate for late payment from 5 August 1995 to 27 June 2003

Pursuant to the Act on Interest Rate for Late Payment and Base interest Rate (Official Gazette No. 45/1995 and 109/2001) and the Decision on Base Interest Rate (Official Gazette No. 1/1996, 61/1996, 3/1997, 23/1997 and 81/1997), in the period from August 1995 to June 2003 calculation and publishing of the base interest rate (TOM) and the interest rate for late payment (ZOM) had been carried out by the Bank of Slovenia.

  • From 5 August 1995 to 31 December 2001, the interest rate for late payment was equal to the base interest rate, increased by the number of percentage points represented by 1.8 times the discount rate of the Bank of Slovenia.

  • From 1 January 2002 to 27 June 2003, the interest rate for late payment was equal the base interest rate increased by 13.5 percentage points.

Month

TOM (per month)

TOM (per year)

ZOM (per year)

06. 2003*

0,5%

6,25%

19,76%

05. 2003

0,4%

4,81%

18,31%

04. 2003

0,5%

6,26%

19,76%

03. 2003

0,5%

6,05%

19,55%

02. 2003

0,6%

8,11%

21,61%

01. 2003

0,6%

7,30%

20,80%

12. 2002

0,6%

7,30%

20,80%

11. 2002

0,6%

7,55%

21,05%

10. 2002

0,6%

7,30%

20,80%

09. 2002

0,6%

7,55%

21,05%

08. 2002

0,6%

7,30%

20,80%

07. 2002

0,6%

7,30%

20,80%

06. 2002

0,6%

7,55%

21,05%

05. 2002

0,7%

8,56%

22,06%

04. 2002

0,6%

7,55%

21,05%

03. 2002

0,7%

8,56%

22,06%

02. 2002

0,6%

8,11%

21,61%

01. 2002

0,6%

7,30%

20,80%

12. 2001

0,6%

7,30%

27,10%

11. 2001

0,6%

7,55%

27,35%

10. 2001

0,6%

7,30%

27,10%

09. 2001

0,7%

8,86%

28,66%

08. 2001

0,7%

8,56%

28,36%

07. 2001

0,8%

9,84%

29,64%

06. 2001

0,8%

10,18%

29,98%

05. 2001

0,7%

8,56%

28,36%

04. 2001

0,7%

8,86%

28,66%

03. 2001

0,7%

8,56%

26,56%

02. 2001

0,7%

9,52%

27,52%

01. 2001

0,7%

8,56%

26,56%

12. 2000

0,8%

9,86%

27,86%

11. 2000

0,7%

8,88%

25,08%

10. 2000

0,7%

8,58%

24,78%

09. 2000

0,7%

8,88%

25,08%

08. 2000

0,7%

8,58%

24,78%

07. 2000

0,8%

9,86%

26,06%

06. 2000

0,7%

8,88%

25,08%

05. 2000

0,8%

9,86%

24,26%

04. 2000

0,7%

8,88%

23,28%

03. 2000

0,7%

8,58%

22,98%

02. 2000

0,7%

9,20%

23,60%

01. 2000

0,7%

8,58%

22,98%

12. 1999

0,7%

8,56%

22,96%

11. 1999

0,6%

7,55%

21,95%

10. 1999

0,6%

7,30%

21,70%

09. 1999

0,6%

7,55%

21,95%

08. 1999

0,5%

6,05%

20,45%

07. 1999

0,4%

4,81%

19,21%

06. 1999

0,4%

4,98%

19,38%

05. 1999

0,4%

4,81%

19,21%

04. 1999

0,4%

4,98%

19,38%

03. 1999

0,5%

6,05%

20,45%

02. 1999

0,5%

6,72%

21,12%

01. 1999

0,5%

6,05%

20,45%

12. 1998

0,5%

6,05%

24,05%

11. 1998

0,5%

6,26%

24,26%

10. 1998

0,5%

6,05%

24,05%

09. 1998

0,6%

7,55%

25,55%

08. 1998

0,6%

7,30%

25,30%

07. 1998

0,7%

8,56%

26,56%

06. 1998

0,7%

8,86%

26,86%

05. 1998

0,8%

9,84%

27,84%

04. 1998

0,9%

11,52%

29,52%

03. 1998

0,8%

9,84%

27,84%

02. 1998

0,8%

10,95%

28,95%

01. 1998

0,8%

9,84%

27,84%

12. 1997

0,8%

9,84%

27,84%

11. 1997

0,8%

10,18%

28,18%

10. 1997

0,8%

9,84%

27,84%

09. 1997

0,8%

10,18%

28,18%

08. 1997

0,8%

9,84%

27,84%

07. 1997

0,7%

8,56%

26,56%

06. 1997

0,7%

8,86%

26,86%

05. 1997

0,7%

8,56%

26,56%

04. 1997

0,6%

7,55%

25,55%

03. 1997

0,7%

8,56%

26,56%

02. 1997

0,6%

8,11%

26,11%

01. 1997

0,5%

6,05%

24,05%

12. 1996

0,5%

6,07%

24,07%

11. 1996

0,5%

6,27%

24,27%

10. 1996

0,4%

4,83%

22,83%

09. 1996

0,5%

6,27%

24,27%

08. 1996

0,7%

8,58%

26,58%

07. 1996

0,9%

11,16%

29,16%

06. 1996

1,0%

12,91%

30,91%

05. 1996

1,1%

13,79%

31,79%

04. 1996

1,0%

12,91%

30,91%

03. 1996

1,0%

12,47%

30,47%

02. 1996

0,9%

11,97%

29,97%

01. 1996

0,8%

9,86%

27,86%

12. 1995

1,1%

13,75%

31,75%

11. 1995

0,8%

10,18%

28,18%

10. 1995

0,7%

8,56%

26,56%

09. 1995

0,5%

6,26%

24,26%

08. 1995**

0,5%

6,05%

24,05%

* used until 27 June 2003
**used from 5 August 1995

III. Legal interest rate for late payment before 5 August 1995

  • From 13 March 1993 to 4 August 1995, pursuant to the Act Amending Act on Interest Rate for Late Payment (Official Gazette of the RS No. 13/1993) the legal interest rate for late payment was equal to the retail price index in the previous month, recalculated to an annual level and a real annual interest rate for late payment of 25%.

  • From 28 March 1992 to 12 March 1993, pursuant to the Act on Interest Rate for Late Payment (Official Gazette of the RS No. 14/1992) the legal interest rate for late payment was equal to the retail price index in the previous month, recalculated to an annual level and a real annual interest rate for late payment of 30%. The method of calculation the legal interest rate for late payment was prescribed by the Decree on the Method of Calculating Interest for Late Payment (Official Gazette of the RS, No. 14/1992 and corrigendum No. 17/1992).

  • From 8 October 1991 to 27 March 1992, pursuant to the Act on Interest Rate for Late Payment (Official Gazette of the SFRY No. 57/1989) the legal interest rate for late payment was equal to the discount rate of the National Bank of Yugoslavia increased by 20%, but in Republic of Slovenia it was used the Bank of Slovenia's discount rate increased by 20% instead of the NBY discount rate.

Date from

ZOM (per year)

01.08.1995

29,49%

01.07.1995

37,30%

01.06.1995

32,82%

01.05.1995

23,54%

01.04.1995

32,82%

01.03.1995

38,91%

01.02.1995

44,16%

01.01.1995

42,18%

01.12.1994

48,95%

01.11.1994

59,05%

01.10.1994

48,95%

01.09.1994

42,80%

01.08.1994

42,18%

01.07.1994

50,69%

01.06.1994

41,09%

01.05.1994

59,65%

01.04.1994

42,80%

01.03.1994

45,53%

01.02.1994

51,77%

01.01.1994

48,95%

01.12.1993

50,69%

01.11.1993

77,00%

01.10.1993

52,44%

01.09.1993

53,46%

01.08.1993

37,30%

01.07.1993

48,95%

01.06.1993

48,04%

01.05.1993

40,54%

01.04.1993

48,04%

13.03.1993

50,69%

01.03.1993

56,72%

01.02.1993

108,75%

01.01.1993

47,87%

01.12.1992

80,11%

01.11.1992

95,48%

01.10.1992

78,05%

01.09.1992

54,03%

01.08.1992

64,24%

01.07.1992

155,79%

01.06.1992

180,29%

01.05.1992

133,88%

01.04.1992

390,57%

28.03.1992

345,70%

08.10.1991

30,00%