Turkey Reduces Deferred Payment Interest Rate

Turkey's Revenue Administration has announced the publication of General Communiqué Serial C No. 4 on 25 October 2019, which includes a reduction in the annual interest rate on deferred payment of public receivables from 22% to 19%. The reduction is effective from the date of publication of the Communiqué, including with respect to deferred payments that have been applied for or approved prior to the date of publication.