The Communiqué on the Default Interest Rate to be Applied in Late Payments in the Supply of Goods and Services and the Minimum Expense Amount that may be Requested for the Collection of Receivables
The Communiqué on the Default Interest Rate to be Applied in Late Payments in the Supply of Goods and Services and the Minimum Expense Amount that may be Requested for the Collection of Receivables (Communiqué) is published in the Official Gazette dated 02.01.2024 and numbered 32417. The Communiqué entered into force on the date of its publication, effective as of 01.01.2024. With the Communiqué:
- The default interest rate for late payments made to the creditor in the supply of goods and services is determined as 48.00%, in cases where the default interest rate is not stipulated in the contract or the relevant provisions are invalid,
- The minimum amount of expenses that can be claimed for the costs of collecting the receivable is determined as 1,310.00 Turkish Liras.
You may access the full Turkish text of the Communiqué here.
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