Interest rates that are in accordance with arm’s length principle for 2020 are prescribed

The Official Gazette of the RS, No. 21/2020, published the Rulebook on Interest Rates that are in accordance with the arm’s length principle for 2020, which enters into force on 14 March 2020.

This Rulebook prescribes interest rates that, in accordance with the arm’s length principle for 2020, are calculated on loans and/or loans between related parties.

The interest rates prescribed by the Rulebook are:

1) for banks and financial leasing providers:

  • On short-term loans in RSD 1,92%
  • On long-term loans in RSD 2.71%
  • Loans in EUR and RSD loans indexed in EUR 3.11%
  • USD and RSD loans indexed to USD 3.87%
  • On loans in CHF and RSD loans indexed in CHF 2.54%
  • On loans in SEK and RSD loans indexed in SEK 3.92%
  • On loans in GBP and RSD loans indexed in GBP 1.88%
  • On loans in RUB and RSD loans indexed in RUB 3.23%

2) for other companies:

  • On short-term loans in RSD 4.71%
  • On long-term loans in RSD 5.55%
  • Short-term loans in EUR and RSD loans indexed in EUR 2,64%
  • Long-term loans in EUR and RSD loans indexed in EUR 2.87%
  • Short-term loans in CHF and RSD loans indexed in CHF 7,84%
  • Long-term loans in CHF and RSD loans indexed in CHF 7.52%
  • Short-term loans in USD and RSD loans indexed in USD 4.83%
  • Long-term loans in USD and RSD loans indexed in USD 4.05%