Annual deferment interest rate set as 22 % - Tax Bulletins - Tek Auditing and Sworn-in CPA Ltd.

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Annual deferment interest rate set as 22 %

Tek Auditing and Sworn-in CPA Ltd.
Published by in Tax ·
Tags: defermentinterestrateannual
Annual deferment interest rate currently applied at 12 % has been set as 22 % effective from 6 September 2018.
The aforementioned rate increase has been made through the General Communique on Collections (Series: C, no. 3) published in the Official Gazette dated 6 September 2018.
Accordingly, pursuant to the Article 48 of Law no.6183, a 22 % deferment interest will be applied on public receivables that are postponed on the basis of applications to be submitted as of 6 September 2018.
For the receivables to be postponed on the basis of applications submitted before 6 September 2018 and public receivables deferred before that date and paid in line with deferment conditions, the previous deferment interest rate (12%) is required to be applied as of the application date, as long as they are paid in line with the deferment conditions.
Period applied
Annual rate
28.04.2006 - 20.11.2009
% 24
21.11.2009 - 20.10.2010
% 19
21.10.2010 - 05.09.2018
% 12
as of 06.09.2018
% 22


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