Singapore Statutory late-payment interest
Singapore 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.
Singapore fixes no general statutory or late-payment interest rate; the only fixed figure is the judiciary's 5.33% default for judgment debts, which attaches through court process, not by statute to unpaid invoices.
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| Current value | structured — see the API |
|---|---|
| In force from | — |
| Official source | Supreme Court Practice Directions 2021, para 109(2)(a): 'the rate of interest is 5.33% per year' (non-contractual interest under Rules of Court 2021 O 6 rr 6(7) and 7(8)); para 109(5): 5.33% on judgment debts under O 17 r 5(1)(b) |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
REFUSAL — no substantive statute gives a creditor a default interest rate outside litigation: pre-judgment interest is court discretion (Supreme Court of Judicature Act / Civil Law Act s 12), contract rates otherwise. The 5.33% per year figure is a JUDICIARY PRACTICE-DIRECTION default for default judgments and judgment debts — unchanged since April 2007, carried into the ROC 2021/PD 2021 regime from 1 April 2022, amendable by Registrar's Circular without any statute change, and the SICC may order different rates. A business cannot claim 5.33% on an unpaid invoice by statute; serving it as a late-payment rate would mislabel it. No civil/commercial split exists.
Get it programmatically
curl https://asiaref.dev/v1/sg/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/sg/statutory-interest/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/sg/statutory-interestOther Singapore series: Policy interest rate · GST standard rate · VAT registration threshold · Statutory minimum wage · Public holidays · Consumer price inflation (CPI, year-on-year) · Corporate income tax rate · Withholding tax rates · Personal income tax (resident rates) · Statutory social-insurance contributions
The same figure elsewhere: South Korea · Sri Lanka · Taiwan · Thailand · Türkiye · all 28