In brief
The interest rate on the late payment of taxes has been increased to 2.5% effective from 21 July 2022.
In detail
With decision number 5801 of the Presidency of the Republic of Turkey, published in the official gazette on 21 July 2022, the monthly interest rate for late payment of taxes has been changed to 2.5%. Previously, since 30 December 2019, the rate was 1.6%.
Here is how the rates per period have changed:
Period |
Monthly Rate (%) |
21 January 2000 – 1 December 2000 |
6 |
2 December 2000 – 28 March 2001 |
5 |
29 March 2001 – 30 January 2002 |
10 |
31 January 2002 – 11 November 2003 |
7 |
12 November 2003 – 1 March 2005 |
4 |
2 March 2005 – 20 April 2006 |
3 |
21 April 2006 – 18 November 2009 |
2,5 |
19 November 2009 – 18 October 2010 |
1,95 |
19 October 2010- 4 September 2018 |
1,40 |
5 September 2018 -29 December 2019 |
2 |
30 December 2019 – 20 July 2022 |
1.6 |
21 July 2022 - |
2.5 |
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