Legal and late-payment interest

Additional Provision 51 sets the legal interest rate at 3% until 31 December 2018. Similarly, the late-payment interest rate referred to in Article 26.6, General Taxation Law 58/2003, of 17 December, is set at 3.75% for the same period.

Multiple Effect Public Indicator of Income (Indicador público de renta de efectos múltiples – IPREM)

In terms of the Public Indicator of Multiple Effect Income (IPREM) for the year 2018, Additional Provision 108 sets the amounts to be as follows:

  1. a) Daily IPREM, 17.93 Euros.
  2. b) Monthly IPREM, 537.84 Euros.
  3. c) Yearly IPREM, 6,454.03 Euros.
  4. d) Where reference to the minimum wage has been replaced with reference to the IPREM, the yearly IPREM will amount to 7,519.59 Euros, unless extra pays are expressly excluded. In this case, the amount shall be 6,454.03 Euros.