2023 Delay and Postponement Interest Rates Have Been Redefined.

The Delays and Deferral Interest Rates for Public Receivables Have Been Updated

Today, with the official publication of the Presidential Decision and the communiqué from the Revenue Administration, the new delayed interest and deferral interest rates to be applied in the collection of public receivables have been announced.

Delayed Interest Rate

In the Presidential Decision No. 10556, in accordance with Article 51 of the Law on the Collection Procedure of Public Receivables, the monthly delay surcharge rate has been set at 3.7%. This rate will be applied separately for each month.

Deferral Interest Rate Changed

According to the communiqué published by the Ministry of Treasury and Finance, the deferral interest rate, which was applied at 48% annually, has been updated to 39% annually. This change will be effective from the date the communiqué is published.

Deferral Transactions

Based on Article 48 of Law No. 6183, the interest rate to be applied to public receivables deferred based on applications made from the date this communiqué is published has been set at 39% annually. For applications made before the date of publication of this communiqué, the rates applicable from the date of application to the date of publication of this communiqué will be applied.

Additionally, there will be no change in the payment conditions of previously deferred public receivables; however, for new installments, the deferral interest will be calculated at a rate of 39%. Interest calculations will be carried out in accordance with the principles set out in the Series: A, Issue No: 1 Tax Collection General Communiqué.

Effectiveness and Execution

This communiqué will come into force on the date of its publication and will be executed by the Minister of Treasury and Finance.