Late fee on the unpaid portion of public receivables set as 2,5 % per month.

Article 51 of the Law on the Collection of Public Receivables no.6183 contains a provision indicating that the unpaid portion of the public receivable is subject to a 4% late fee for each month starting from the end of the maturity. Pursuant to this article, the President is mandated to reduce the rate by up to 10% or increase up to 2 folds.

This mandate has been exercised by the President through the Decision no.1266 published in the Official Gazette dated 29 June 2019 and is set as 2,5 % per month as of 1 July 2019 to be calculated separately for each month.