Türkiye Statutory legal interest (kanuni faiz)
Türkiye Statutory legal interest (kanuni faiz) is 31 percent, in force since 31 Jul 2026. Last checked against the official source on 10 Aug 2026.
Türkiye's legal interest under Law 3095 as amended by Law 7589 (in force 31 July 2026): 80% of the TCMB rediscount rate as at the prior 31 December — currently 31.0% — with the commercial-default avans rate (39.75%) as a variant.
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| Current value | 31 percent |
|---|---|
| In force from | 2026-07-31 |
| Official source | Kanun No. 3095 madde 1 (as amended by Kanun No. 7589 md. 10, RG 31.07.2026 No. 33326): 'bu ödeme yıllık, Türkiye Cumhuriyet Merkez Bankasının önceki yılın 31 Aralık günü kısa vadeli kredi işlemlerinde uyguladığı reeskont oranının yüzde sekseni üzerinden yapılır' (paid annually at eighty percent of the rediscount rate the CBRT applied on 31 December of the previous year); TCMB rates from 20.12.2025: iskonto 38.75%, avans 39.75% |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
REGIME CHANGED 31 JULY 2026: Law 7589 replaced the presidentially-set flat rate (24% since 1 June 2024 under Karar 8485) with a formula — kanuni faiz = 80% of the TCMB rediscount (reeskont) rate in force on 31 December of the prior year, resetting each 1 January, with a conditional mid-year reset where the 30 June rate diverges by 5 points or more. Currently 0.8 × 38.75% = 31.0%. The commercial-default rate (madde 2/2) is the TCMB avans rate itself (39.75%) where higher. Any series history must BREAK at 2026-07-31 — pre-change values are on the old fixed regime. The multiplier is ×0.8, NOT an additive margin. Contractual rates override (madde 2/1, 2/3). Public receivables (amme alacakları, Law 6183 gecikme zammı) are a separate regime — do not conflate. RETRIEVAL: mevzuat.gov.tr and resmigazete.gov.tr break standard fetchers (incomplete TLS chain) — curl -k works; TCMB pages fetch normally and are the primary for the reference rates. RE-VERIFY each January (annual reset) and each July (conditional reset).
Get it programmatically
curl https://asiaref.dev/v1/tr/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/tr/statutory-interest/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/tr/statutory-interestOther Türkiye series: policy interest rate · KDV standard rate (genel katma değer vergisi oranı) · VAT registration threshold · Asgari ücret (national minimum wage, gross monthly) · Ulusal bayram ve genel tatil günleri 2026 · TÜFE consumer price inflation (year-on-year) · Kurumlar vergisi standard rate · Withholding tax rates · Gelir vergisi tarifesi (personal income tax brackets) · Statutory social-insurance contributions
The same figure elsewhere: United Arab Emirates · Uzbekistan · Vietnam · Bahrain · Bangladesh · all 28