Turkey Reduces Deferred Payment Interest Rate
Turkey's Revenue Administration has announced the publication of General Communiqué Serial C No. 4 on 25 October 2019, which includes a reduction in the annual interest rate on deferred payment of public receivables from 22% to 19%. The reduction is effective from the date of publication of the Communiqué, including with respect to deferred payments that have been applied for or approved prior…
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