Developments In Tax Legislation May 21, 2024

      1. DEFAULT İNTEREST RATE INCREASED TO 4.5 PER CENT PER MONTH:

With the Presidential Decree No. 8484 published in the Official Gazette dated 21/5/2024, the monthly default interest rate applied as 3.5% as of 14/11/2023 has been determined as 4.5% as of 21/5/2024.

      2. THE DEADLİNES FOR CREATİNG E-LEDGER AND CERTİFİCATE FİLES HAVE BEEN RE-DETERMİNED:

The deadline for creating e-Ledger and certificate files has been redetermined as;

• Until the 10th day of the fourth month following the relevant month for those who prefer monthly.
• For last month of the year Until the 10th day of the month following the month in which the income or corporate tax returns are submitted.
• Until the 10th day of the month following the month in which the provisional tax return will be submitted for those who prefer on the basis of the provisional tax period,
• until the 10th day of the month following the month in which the income or corporate tax returns are submitted for those belonging to the three months following the third provisional tax period.