Malaysia Statutory late-payment interest
Malaysia Statutory late-payment interest: no single figure applies. The reason is set out below, cited to the governing instrument. Last checked against the official source on 10 Aug 2026.
Malaysia fixes no general statutory or late-payment interest rate; the only fixed figure is the Chief Justice's 5% judgment-debt rate under the Rules of Court 2012, attaching through court process only.
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| Current value | structured — see the API |
|---|---|
| In force from | — |
| Official source | Rules of Court 2012, O 42 r 12: 'every judgment debt shall carry interest at such rate as the Chief Justice may from time to time determine'; Chief Justice of Malaysia Practice Direction No. 1 of 2012: 5% per annum with effect from 1 August 2012 |
| Last verified | 2026-08-10 |
| Verification | secondary — Corroborated, but the primary instrument was NOT read (usually the publishing host blocks automated access). The PD text was verified via the Malaysian Bar's reproduction; the judiciary's own repository (kehakiman.gov.my) is login-gated. The refusal itself (no general statutory rate exists) rests on the absence of any such provision in the Civil Law Act 1956 and Rules of Court 2012, both checked. |
| Provenance | source fingerprint |
What this value means
REFUSAL — no statute fixes pre-judgment or commercial late-payment interest: pre-judgment interest is court discretion (Civil Law Act 1956 s 11), contract rates prevail, and the post-judgment default of 5% per annum is set ADMINISTRATIVELY by the Chief Justice (PD 1/2012), unchanged since 2012. Higher contractual rates survive judgment if agreed; Islamic-finance judgment debts follow the contractual/ta'widh basis instead. Serving 5% as a creditor-facing late-payment rate would mislabel a court-process figure. Retrieval: the judiciary's own PD repository is portal-gated; the Bar Council reproduction is the reachable text — hence secondary confidence on the PD wording.
Get it programmatically
curl https://asiaref.dev/v1/my/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/my/statutory-interest/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/my/statutory-interestOther Malaysia series: Overnight Policy Rate (OPR) · Value Added Tax · VAT registration threshold · National Minimum Wage · Public Holidays · Consumer Price Index (annual inflation) · Corporate Income Tax · Withholding tax rates · Personal Income Tax · Statutory social-insurance contributions
The same figure elsewhere: Nepal · Oman · Pakistan · Philippines · Qatar · all 28