Brazil Statutory legal interest (taxa legal)
Brazil Statutory legal interest (taxa legal) is 1.154527 percent per month, in force since 1 Aug 2026. Last checked against the official source on 10 Aug 2026.
Brazil's legal interest under Código Civil art. 406 as amended by Lei 14.905/2024: the Selic rate minus the IPCA monetary-correction index, floored at zero, computed and published monthly by the BCB — 1.154527% per month for August 2026.
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| Current value | 1.154527 percent per month |
|---|---|
| In force from | 2026-08-01 |
| Official source | Código Civil art. 406 §1º (Lei 14.905/2024, in force 30 August 2024): 'A taxa legal corresponderá à taxa referencial do Sistema Especial de Liquidação e de Custódia (Selic), deduzido o índice de atualização monetária' — methodology Resolução CMN 5.171/2024; published by the BCB as SGS series 29543 |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
The general legal interest rate for civil and commercial obligations whenever no rate is agreed (also the mora default via arts. 389/591 CC): taxa legal = Selic minus the art. 389 monetary-correction index (IPCA; the CMN methodology applies prior-month Selic minus prior-month IPCA-15), FLOORED AT ZERO if negative (§3º) — zero-floor months have occurred (late 2024). THE UNIT IS PERCENT PER MONTH with six decimals, not annual — do not annualise casually (compounding). The CMN defines the methodology and the BCB calculates and publishes monthly: SGS series 29543 serves the whole series as JSON (https://api.bcb.gov.br/dados/serie/bcdata.sgs.29543/dados), starting 2024-08 with the regime. The series is machine-retrievable and a candidate for automated monthly refresh. Pre-30-August-2024 periods fall under the old art. 406 regime — do not extend this series backwards. RETRIEVAL: planalto.gov.br resets connections intermittently (retry works); bcb.gov.br's main site is an SPA — use the SGS API. Re-verify monthly.
Get it programmatically
curl https://latamref.dev/v1/br/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://latamref.dev/v1/br/statutory-interest/history?from=2020-01-01
# Provenance: curl https://latamref.dev/provenance/br/statutory-interestOther Brazil series: Banco Central do Brasil taxa Selic meta · VAT rate · VAT registration threshold · Salário mínimo nacional · Public holidays · CPI inflation (year-on-year) · Corporate income tax rate · Withholding tax rates · Personal income tax brackets · Statutory social-insurance contributions · BCB reference exchange rates (PTAX)
The same figure elsewhere: Chile · Colombia · Costa Rica · Dominican Republic · Ecuador · all 22