Taiwan Statutory legal interest (法定利率)
Taiwan Statutory legal interest (法定利率) is 5 percent, in force since 5 May 1930. Last checked against the official source on 10 Aug 2026.
Taiwan's statutory legal interest: a fixed 5% per annum under Article 203 of the Civil Code, which is also the rate of default interest on overdue money debts under Article 233(1), unchanged since the Code's Book on Obligations took effect in 1930.
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| Current value | 5 percent |
|---|---|
| In force from | 1930-05-05 |
| Official source | 民法 (Civil Code) 第203條: '應付利息之債務，其利率未經約定，亦無法律可據者，週年利率為百分之五' (where a debt bears interest and no rate has been agreed and none is fixed by law, the annual rate is five per cent); 第233條第1項: '遲延之債務，以支付金錢為標的者，債權人得請求依法定利率計算之遲延利息。但約定利率較高者，仍從其約定利率' (on a money debt in default the creditor may claim delay interest computed at the statutory rate, but a higher agreed rate prevails) |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Fixed 5% per annum. One rate for civil and commercial money debts alike — Taiwan has no separate commercial rate and no reference-rate link, so the figure does not move with central-bank policy. Art. 203 supplies the rate whenever a debt bears interest but no rate was agreed and no other statute fixes one; Art. 233(1) applies that same statutory rate as DELAY INTEREST on overdue money obligations, with a higher contractual rate continuing to run instead. Art. 233(2): no delay interest is owed on interest itself. Art. 233(3): the creditor may additionally recover proven further loss. TRAPS: (1) Art. 205 caps AGREED interest — '約定利率，超過週年百分之十六者，超過部分之約定，無效' (an agreed rate above 16% per annum is VOID as to the excess). This 16% figure is a usury ceiling on contractual rates, not the legal rate; it was lowered from 20% by the amendment of 20 January 2021 in force 20 July 2021, which also changed the consequence from merely unenforceable to void. (2) Art. 204 lets a debtor repay early after one year's notice where the agreed rate exceeds 12% per annum. (3) Art. 207 bars compounding unless the parties agreed in writing or interest has been more than one year overdue and the debtor did not pay after demand — statutory delay interest is otherwise simple. (4) Instrument debts are different: 票據法 (Negotiable Instruments Act) Art. 97 fixes interest on a dishonoured bill at 6% per annum where no rate was agreed — do not apply the 5% Civil Code rate to bills, notes and cheques. (5) Post-judgment interest is not a separate rate in Taiwan: the court awards the Art. 203/233 rate unless a higher contractual rate applies.
Get it programmatically
curl https://asiaref.dev/v1/tw/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/tw/statutory-interest/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/tw/statutory-interestOther Taiwan series: CBC discount rate (重貼現率) · Business tax (VAT) standard rate · VAT registration threshold · Minimum Wage (最低工資) · Public holidays · CPI inflation (year-on-year) · Profit-seeking enterprise income tax rate · Withholding tax rates · Individual consolidated income tax brackets · Statutory social-insurance contributions
The same figure elsewhere: Thailand · Türkiye · United Arab Emirates · Uzbekistan · Vietnam · all 28