Turkey: Increase in interest rate on outstanding tax debts

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Turkey has declared an increase in the interest rate applicable to overdue tax debts. According to Decision No. 7,782 published in the edition of the Official Gazette, the interest rate for late payments has been raised to 3.5 percent. This marks an increase from the previous rate of 2.5 percent, which was implemented on July 21, 2022, itself up from 1.6 percent.



Source: gib.gov.tr

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