Interest rate for calculation of norm price in the event of non-standard payment terms

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Pursuant to Section 4 of Regulation No. 7 of 17 December 1976 concerning the use of norm prices in tax assessments, the norm price must be adjusted upon the sale of oil with credit which extends beyond 30 days. The adjustment must be based on the interest rate for treasury bills with a term of 12 months, plus 0.5 percent.

The daily interest for 2024 is therefore set at 0.013 percent.