Turkey Gazettes Communique on Default Interest Rate for Late Payments

The Turkish Official Gazette Jan. 2 published a communique announcing the annual late payment default interest rate on payments to creditors for supplies of goods and services. The communique includes measures setting: 1) the default interest rate at 43 percent per year; and 2) the minimum expense amount for the collection of receivables at 2,020 Turkish lira (US$47). The communique enters into force the same date, and applies from Jan. 1. [Turkey, Official Gazette, 01/02/26]

Reference:
View Communique, Official Gazette No. 33125/2026. View Gazette Index.