Turkey's Revenue Administration has announced the publication of Presidential Decision No. 8484, which increased the late tax payment interest rate from 3.5% per month to 4.5% per month with effect from 21 May 2024. The rate was previously increased from 2.5% per month to 3.5% per month with effect from 14 November 2023. Turkey's Revenue Administration has also announced the publication of General Communiqué Series C No. 8 on 21 May 2024, which increases the annual deferred interest rate from 36% to 48% with effect from the date of its publication. This interest rate applies in relation to the payment...