Turkey's Revenue Administration has announced the publication of Presidential Decision No. 7782, which increased the late tax payment interest rate from 2.5% per month to 3.5% per month with effect from 21 July 2022. The increase is effective from 14 November 2023. Turkey's Revenue Administration has also announced the publication of General Communiqué Series C No. 7, which increases the annual deferred interest rate from 24% to 36% from 14 November 2023. This interest rate applies in relation to the payment of taxes for which a taxpayer has requested a deferral.