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NewsTHE RE-ESTIMATION RATIO IN TAX PROCEDURE LAW HAS BEEN PUBLISHED

December 1, 20090

At the date of 14.11.2009 in the 27406 Official Gazette the General Notice of Tax Procedure Law was published (Series no 392). According to the published notice in the Tax Procedure Law’s 298th articles paragraph (B) “re-estimation ratio is the approximate price increase ratio which occurs in the Turkish Statistical Institute’s Producer Prices General Index which is evaluated by looking at the difference between the month of October of the year in which the re-estimation will be made and the same period of the previous year. The ratio is published in the Official Gazette by the Minister of Finance.”

According to this article the re-estimation ratio for the year of 2009 has been detected to be %2,2.

THE DEFAULT INTEREST RATİO FOUND IN THE PROCEDURE OF COLLECTING PUBLIC CLAIMS LAW HAS BEEN CHANGED.

In the 19.11.2009 dated 27411 numbered Official Gazette the 2009/155565 dated decision of the Council of Ministers has been published. According to this published decision the default interest ratio found in the procedure of collecting public claims law’s 51st articles first paragraph has been determined to be %1,95 as to be applied separately for every month.

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