With the notification published in the Official Gazette, the Central Bank has reduced the interest rate on late payments for the supply of goods and services from 53.25% to 43%.
The Central Bank of the Republic of Türkiye has reduced default interest rates on late payments for the supply of goods and services. According to the Central Bank's announcement published in the Official Gazette, this interest rate will be applied at 43% from January 1, 2026.
The applicable interest rate was 53.25% last year.
The notification published in the Official Gazette reads as follows: “According to the seventh paragraph, Article 1530 of the Turkish Commercial Code No. 6102 dated January 13, 2021, the interest rate applicable in the case of default interest on late payments to creditors for the supply of goods and services not foreseen in the contract or invalid related provisions is 43.00% annually and the minimum amount of compensation has can be claimed for the collection costs of the receivable of 2,020 Turkish Lira.” It is identified as lira.
