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Turkey Increases Late Tax Payment and Deferred Tax Payment Interest Rates — Orbitax Tax News & Alerts

Turkey's Revenue Administration has announced the publication of Presidential Decision No. 5801, which increases the late tax payment interest rate from 1.6% per month to 2.5% per month with effect from 21 July 2022. It is also noted that the rate of 1.6% per month had applied since 30 December 2019.

Turkey's Revenue Administration has also announced the publication of General Communiqué Series C No. 6, which increases the annual deferred interest rate from 15% to 24%. This interest rate applies in relation to the payment of taxes for which a taxpayer has requested a deferral.