No: 115

Tarih: 26/12/2023

Konu:

Rate to be used in terms of re-discount transactions made according to Tax Procedure Law has been determined as 44,25%.


According to Central Bank of Turkey Communique published on official gazette dated December 3, 2023, the discount interest rate to be applied in rediscount transactions made against promissory notes with a maximum maturity of 3 months was determined as 43,25% per annum, while the interest rate to be applied in advance transactions was determined as 44,25% per annum.

Accordingly, as of December 23, 2023, the annual rate of 44.25% must be taken into account in the calculations of rediscount (if the interest rate is not specified on the promissory note or postdated check) within the scope of Articles 281 and 285 of the Tax Procedure Law.


Our explanations provided above include general information on the issue. No responsibility can be claimed against EY and/or Kuzey YMM ve Bağımsız Denetim A.Ş. due to the implications arising from the context of this document or emerging with respect to its context.
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