23May2024

Late Fees and Deferment Interest Rates Has Been Changed

The deferment interest rate under Article 48 of Law No. 6183 on the Collection Procedure of Public Receivables has been changed as published in the Official Gazette dated May 21, 2024 and numbered 32552.

The deferment interest rate, which has been applied at 36% annually, has been set at 48% annually by the General Communiqué on Collection (Series: C Order No: 8) published by the Ministry of Treasury and Finance (Revenue Administration) in the Official Gazette dated May 21, 2024 and numbered 32552.

According to Presidential Decree No. 8484 published in the same Official Gazette, the late fee rate in the first paragraph of Article 51 of Law No. 6183 has been changed.

With Presidential Decree No. 8484 published in the Official Gazette, the late fee rate in the first paragraph of Article 51 of Law No. 6183 on the Collection Procedure of Public Receivables dated July 31, 1953 has been set at 4.5% for each month.

According to the Presidential Decree, the late fee rate in the first paragraph of Article 51 of Law No. 6183 has been set at 4.5% for each month. According to the restructuring laws numbered 6736, 7020, 7143, 7256, 7326, and 7440, the late fee rate, which has been applied at 3.5% for installment amounts not paid within the legal period, will be applied at 4.5%.

You can access the relevant communiqué here. (In Turkish)

You can access the Presidential Decree here. (In Turkish)

Should you have any queries or need further details, please contact your customer representative.

Author Ümit Kır, Category Social Security Law and Legislation, Taxation Law

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