Turkey Increases Late Tax Payment and Deferred Tax Payment Interest Rates

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.

Source Orbitax

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