Default Interest Rate For Late Payments and Minimum Compensation Amount in Accordance with Article 1530 of TCC

Default Interest Rate For Late Payments and Minimum Compensation Amount in Accordance with Article 1530 of TCC

DEFAULT INTEREST RATE FOR LATE PAYMENTS IN DELIVERY OF GOODS AND PROVISION OF SERVICES AND THE MINIMUM COMPENSATION AMOUNT FOR RECOVERY COST IN ACCORDANCE WITH ARTICLE 1530 OF THE TURKISH COMMERCIAL CODE

Date Default Interest Rate for
Late Payments in Delivery of
Goods and Provision of Services (%)
The Minimum Compensation
Amount for Recovery Cost (TL)
01.01.2013 15,00 95,00
01.01.2014 12,75 120,00
01.01.2015 11,50 120,00
01.01.2016 11,50 130,00
01.01.2017 10,75 150,00

CENTRAL BANK OF THE REPUBLIC OF TURKEY Head Office Anafartalar Mah. İstiklal Cad. No:10 06050 Ulus Altındağ Ankara Phone : (+90 312) 507 50 00 | Fax : (+90 312) 507 56 40