In the Official Gazette numbered 32417 published 02/01/2024, the Central Bank of the Republic of Turkey announced the the Communiqué on the Default Interest Rate to be aplied for Late Payments in the Supply of Goods and Services and the Minimum Expense Amount that can be claimed for the Collection Costs of Receivables.

According to the communiqué published in the Official Gazette, the default interest to be applied to late payments in the supply of goods and services between commercial businesses in accordance with paragraph 7 of Article 1530 of the Turkish Commercial Code No. 6102 is determined as %48. At the same time, the minimum expense amount that can be claimed for the costs of collection of the receivable is determined as 1.310,00 Turkish Liras (TL). This interest rate and the minimum expense amount have been effective as of 01/01/2024 and entered into force as of the date of publication.