Late Payment Interest Calculator
Enter an invoice amount, due date and payment date to compute statutory interest at the current ECB+8pp rate (10.40% p.a. as of H2 2026) plus the €40 fixed compensation.
Statutory Late Payment Interest on Maltese Invoices
When a commercial customer pays a Maltese invoice late, EU Late Payment Directive rules (transposed into Maltese law by Legal Notice 233 of 2012) entitle the creditor to statutory interest calculated as the ECB main refinancing rate in force on the first day of the relevant half-year, plus a fixed 8-percentage-point margin, locked in for that six-month period. For the second half of 2026 (from 1 July), that works out to 10.40% per year, following an ECB rate rise to 2.40% in June 2026. A fixed €40 compensation for recovery costs is also due on top of the interest, regardless of the invoice amount.
What this calculator covers
- The correct statutory rate for the period your invoice fell due — 10.15% p.a. for H1 2026, 10.40% p.a. for H2 2026 (from 1 July)
- Interest calculated for the exact number of days between the due date and the payment date
- The fixed €40 compensation for recovery costs, added automatically on top of the interest
