Judgment Interest Rate

The information on this home page is for reference only. The rate of interest fixed by the Chief Justice pursuant to section 50 of the District Court Ordinance (Cap. 336) is published by notice in the Gazette. In case of dispute the Gazette rate shall prevail.

Pursuant to section 50 of the District Court Ordinance, judgment debts shall carry interest on the total amount of the judgment debt, or on the part that for the time being remains unsettled, from the date of the judgment until full settlement.

Pursuant to sections 71(9)(e)(ii) and 71(10) of the Inland Revenue Ordinance, for tax held over pending outcome of objection or appeal cases, interest at the rate specified in subsection (11) shall be payable on the amount of tax that becomes payable upon the withdrawal or final determination of the objection or appeal. Section 71(11) of the Ordinance states that "the rate of interest specified for the purposes of subsections (9)(e)(ii) and (10) shall be the rate fixed by the Chief Justice by notice in the Gazette under section 50 of the District Court Ordinance (Cap. 336)".

Section 75(1) of the Inland Revenue Ordinance states that "tax due and payable under this Ordinance shall be recoverable as a civil debt due to the Government". Pursuant to the District Court Ordinance, the judgment debt shall carry interest from the commencement of proceedings till full settlement.

The interest rate for computing the amount of the interest concerned as published in the Gazette Notice is as follows:-

Judgment Interest Rate

Effective Date

Annual Rate

1 January 2024

8.875%

1 October 2023

8.798%

1 July 2023

8.662%

1 April 2023

8.583%

1 January 2023

8.169%

1 April 2020

8.000%

1 January 2020

8.084%

1 April 2019

8.125%

1 January 2019

8.088%

1 April 2009

8.000%

1 January 2009

8.192%

1 October 2008

8.250%

1 July 2008

8.353%

1 April 2008

9.398%

1 January 2008

10.420%

1 April 2007

10.750%

1 January 2007

10.934%

1 October 2006

11.000%

1 July 2006

10.921%

1 April 2006

10.711%

1 January 2006

10.088%

1 October 2005

9.234%

1 July 2005

8.245%

1 April 2005

8.000%

1 January 2005

8.069%

1 April 2003

8.000%

1 January 2003

8.093%

1 July 2002

8.125%

1 April 2002

8.140%

1 January 2002

8.720%

1 October 2001

9.820%

1 July 2001

10.860%

1 April 2001

12.080%

1 October 2000

12.500%

1 July 2000

11.980%

1 April 2000

11.540%

1 January 2000

11.500%

1 October 1999

11.260%

1 July 1999

11.540%

1 April 1999

11.940%

1 January 1999

12.860%

1 October 1998

13.000%

1 July 1998

13.080%

1 April 1998

12.900%

1 January 1998

12.060%

1 July 1997

11.680%

1 July 1996

11.500%

1 April 1996

11.750%

1 July 1995

12.000%

1 April 1995

11.630%

1 January 1995

10.720%

1 October 1994

10.300%

1 July 1994

9.730%

1 January 1993

9.500%

1 October 1992

9.690%

1 July 1992

11.270%

1 June 1992

11.500%

1 April 1992

11.500%

1 January 1992

11.280%

1 December 1991

12.000%

1 November 1991

12.250%

1 September 1991

12.500%

1 August 1991

13.500%

1 July 1991

12.660%

1 April 1991

12.500%

1 March 1991

12.940%

1 February 1991

13.110%

1 November 1990

10.860%

1 May 1990

10.000%

1 November 1989

10.800%

1 May 1989

10.000%

1 November 1988

8.125%

1 May 1988

6.125%

1 November 1987

7.000%

1 May 1987

6.000%

1 November 1986

7.500%

1 May 1986

7.000%

1 November 1985

7.750%

1 May 1985

11.250%

1 November 1984

13.000%

25 November 1983

13.500%

16 May 1983

11.000%

For further information about objections and appeals, please see Objections & Appeals, Payment of Tax in Dispute & Interest on Tax Held-over.

For further information about judgment debt and recovering tax in default, please see Recovering Tax in Default.