Rate for:

Interest rate for calculation of normal price in the event of non-standard payment terms


Pursuant to Section 4 of Regulation No. 7 of 17 December 1976 concerning the use of normal prices in tax assessments, the normal price must be adjusted upon the sale of oil with credit which extends beyond 30 days. The adjustment must be based on the interest rate for treasury bills with a term of 12 months, plus 0.5 percent.

The daily interest for 2023 is therefore set at 0.012 percent.