Regarding the Default Interest Rate for Late Payments in the Supply of Goods and Services Between Merchants

The default interest rate for late payments in the supply of goods and services between merchants to be applied for the year 2019 has been announced by the The Central Bank of the Republic of Turkey and published in the Official Gazette on January 2, 2019. This rate is announced by the Central Bank in January every year.

Accordingly, the default rate announced for 2019 is 21,25% per annum. The minimum allowable amount for the collection of debt is determined as 245 TL.