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 on 10 Aug 2026 against corroborating sources; the primary instrument itself was not read.
Official source: Rules of Court 2012, O 42 r 12 secondary · Last checked 2026-08-10 · source fingerprint
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 | no single figure |
|---|---|
| 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 · BNM Kuala Lumpur USD/MYR Reference Rate
The same figure elsewhere: Nepal · Oman · Pakistan · Philippines · Qatar · all 28