Post by account_disabled on Mar 15, 2024 21:42:58 GMT -7
The to consumers will continue to be subject to VAT. . Furniture VAT Rate Reduced to Legal Interest and Default Interest Rates in Commercial Transactions Within the scope of paragraph of Article of the Turkish Commercial Code TTK the interest rate can be determined freely in commercial transactions. However according to Article of the same Law the relevant legislative provisions regarding legal interest principal and default interest are applied in terms of commercial transactions. The legal interest and default interest to be applied in commercial transactions are regulated in the Law No.
On Legal Interest and Default Interest. Accordingly in cases where interest must be paid in accordance with the Code of Obligations and the Turkish Commercial Cde if the amount is not determined by contract the B TO B Database interest rate is taken into account as annually . The interest rate in question is called legal interest. Default interest is regulated in Article of the same Law Law No. . According to the aforementioned regulation the debtor who defaults in the payment of an amount of money is obliged to pay default interest at the rate specified in the contract in cases where the default interest is determined by the contract by the parties and in cases where.
It is not determined at the legal interest rate specified above. However if the interest rate applied by the Central Bank of the Republic of Turkey CBRT for shortterm advances on December of the previous year is higher than the legal interest rate mentioned above default interest can be claimed at this rate in commercial transactions even if there is no contract. If the advance interest rate in question differs by points or more from the advance interest rate applied on December of the previous year as of June this rate should be taken into account in the second half of the year.
On Legal Interest and Default Interest. Accordingly in cases where interest must be paid in accordance with the Code of Obligations and the Turkish Commercial Cde if the amount is not determined by contract the B TO B Database interest rate is taken into account as annually . The interest rate in question is called legal interest. Default interest is regulated in Article of the same Law Law No. . According to the aforementioned regulation the debtor who defaults in the payment of an amount of money is obliged to pay default interest at the rate specified in the contract in cases where the default interest is determined by the contract by the parties and in cases where.
It is not determined at the legal interest rate specified above. However if the interest rate applied by the Central Bank of the Republic of Turkey CBRT for shortterm advances on December of the previous year is higher than the legal interest rate mentioned above default interest can be claimed at this rate in commercial transactions even if there is no contract. If the advance interest rate in question differs by points or more from the advance interest rate applied on December of the previous year as of June this rate should be taken into account in the second half of the year.