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ARTICLE · 23 JULY 2024

The Legal Interest Rate Regulated In The Law No. 3095 On Legal Interest And Default Interest Has Been Updated

Moroglu Arseven
Moroglu Arseven
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Pursuant to the Presidential Decision published in the Official Gazette dated 21 May 2024 and numbered 32552...

TurkeyGovernment, Public Sector
Burak Baydar
Burak Baydar
Nejla Özer
Nejla Özer
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Pursuant to the Presidential Decision published in the Official Gazette dated 21 May 2024 and numbered 32552, it has been decided that the legal interest rate regulated in Article 1 of the Law No. 3095 on Legal Interest and Default Interest will be applied as 24% per annum, effective from 1 June 2024.

Presidential Decision is available at this link. (Only available in Turkish)

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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