As per the Presidential Decree dated 20.05.2024 and numbered 8485K “ As per the Presidential Decree dated 20.05.2024 and numbered 8485K., which has been published in the Official Gazette dated 21.05.2024, it has been decided: To apply the “legal interest” rate regulated in Article 1 of the Law No. 3095 on Legal Interest and Default Interest as 24% PER YEAR, The decision will be effective as of…
The Communique on Determination of Interest Rates to be applied for Rediscount and Advance Transactions was published in the Official Gazette dated 01.04.2024. According to this communique; The discount interest rate to be applied for rediscount transactions to be made against deeds with 3 months to maturity date maximum is 50.75 percent per annum. The interest rate to be applied for advance transactions is 51.75 percent per annum. These rates…
2024/1 The Communique Amending the Communique on the Printing Type of Cheque Books and Determination of the Amount that Banks are Obliged to Pay to the Bearer (Number: 2010/2) was published in the Official Gazette dated 27.01.2024. According to this communique; – The phrases “six thousand Turkish Liras” in Article 4 of the Communique on the Printing Type of Cheque Books and Determination of the Amount that Banks are Obliged…
Decision published in the Official Gazette dated 02.01.2024 “The Communique on the Default Interest Rate to be Applied in Late Payments in the Supply of Goods and Services and the Minimum Expense Amount that can be Claimed for the Collection Costs of the Receivable was published in the Official Gazette dated 02/01/2024. According to this communique; In cases where the default interest rate for late payments made to…
“The Communique on Determination of Interest Rates to be Applied in Rediscount and Advance Transactions was published in the Official Gazette dated 01.12.2023.” According to this Communique; – The annual discount interest rate of 35.75 percent to be applied in rediscount transactions to be made against bills with a maximum of 3 months to maturity has been changed to 40.75 percent. – The annual interest rate of…
Decision published in the Official Gazette dated 14.11.2023 With the Presidential Decree No. 7782, the rate of late payment increase in the first paragraph of Article 51 of the Law No. 6183 on the Procedure for Collection of Public Receivables has been determined as 3.5% to be applied separately for each month. With the General Communique on Collection, the postponement interest rate in Article 48 of the Law No….
“The communiqué on the Determination of Interest Rates to be Applied in Rediscount and Advance Transactions was published in the Official Gazette dated 01.11.2023. According to this communiqué; The annual 30.75 percent discount interest rate to be applied in rediscount transactions against bills with a maximum of 3 months remaining until maturity has been determined as 35.75 percent, The annual 31.75 percent interest rate to be applied in advance…
The Communiqué on Determination of Interest Rates to be Applied in Rediscount and Advance Transactions is published in the Official Gazette dated 28.09.2023. According to the Communiqué; – The annual discount interest rate of 25.75 percent to be applied to rediscount transactions on bills with a maximum of 3 months to maturity date has been re-determined as 30.75 percent. – The annual interest rate of 26.75 percent to be applied…
The Communiqué on Determination of Interest Rates to be Applied in Rediscount and Advance Transactions has been published in the Official Gazette dated 01.09.2023. According to the Communiqué: The annual discount interest rate of 15.75 percent to be applied to rediscount transactions to be made against bills with a maximum of 3 months to maturity has been re-determined as 25.75 percent. The annual interest rate of 16.75 percent to…
“With the Decision of the Court of Cassation Grand General Assembly to Unify the Case Law, Decision dated 20/01/2023, numbered 2021/2 E., 2023/1 K., while there is a pending enforcement proceeding against the same debtor over the same receivable, since the second proceeding will unbalance the interests and will be contrary to the execution proceeding economy, it has been decided by majority of the votes that for the purpose of…