What is morarenter (default interest)?

In short

Morarenter is the interest you may charge when an invoice is paid late. The rate is the National Bank's lending rate plus 8 percentage points, unless otherwise agreed.

In practice

Interest accrues from the day after the due date, with the rate set twice a year — 1 January and 1 July. In B2B trade you can additionally charge a fixed compensation of DKK 310 per invoice and reminder fees of up to DKK 100 per reminder.

Related terms

• Rykker (payment reminder)
• Betalingsbetingelser (payment terms)
• Inkasso (debt collection)
• See every term in the dictionary

Tired of looking things up? At Numina your own bookkeeper handles bookkeeping, VAT and deadlines — at a fixed price. Read about your bookkeeper at Numina