Accounting, Payroll, Tax & Legal since 1989

Base rate remains at 0.00 per cent

The Ministry of Finance has set the base rate to 0.00 per cent as of 1 July 2017 until the end of December 2017. The base rate has been at 0.00 per cent since 1 January 2016.

The base rate, calculated twice a year, is determined on the basis of the average for the 12-month market interest rate quoted over the three months prior to the rate being set. The Ministry of Finance sets the base rate to the nearest one quarter of a percentage point (Act on certain reference rates 996/1998).

Source: Ministry of Finance

13.06.17


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