Average commercial loan interest rates for the months of 2024 / January-June are explained as follows with the Tax Procedure Law Circular No. 170 dated July 17, 2024. Period | Average commercial loan interest rate (%) | 2024 / January | 54,82 | 2024/February | 55,24 | 2024/March | 60,97 | 2024/April | 68,46 | 2024/May | 66,68 | 2024/June | 64,27 | Average commercial loan interest rates are used in the calculation of the “Non-real financing cost” (ROFM) in the inflation adjustment transactions to be made according to the provisional article 33 and repeating paragraph (A) of article 298 of Tax Procedure Law. The rates in question to be used between 2005/January/2023/December (including December) have been explained according to Tax Procedure Law Circular numbered 165 and dated February 20, 2024. In addition, it is stated under section (12.3) of the above circular that the average commercial loan interest rates would be determined and announced by the Turkish Revenue Administration during the relevant periods. In this respect, average commercial loan interest rates for the months of 2024 / January-June are explained as follows with the Tax Procedure Law Circular No. 170 dated July 17, 2024 Period | Average commercial loan interest rate (%) | 2024 / January | 54,82 | 2024/February | 55,24 | 2024/March | 60,97 | 2024/April | 68,46 | 2024/May | 66,68 | 2024/June | 64,27 | |