Circular 2026 – 016
2025 yılı İçin Nakit Sermaye Artırımına İlişkin Faiz İndirim Oranı %45,34
In the interest reduction application for working capital increases, the interest rate from the “Weighted Average Interest Rates Applied to Loans Opened by Banks” most recently announced by the CBRT for the year the reduction is utilized is used, specifically the “Commercial Loans (Opened in TRY) (Excluding Overdrafts for Legal Entities and Corporate Credit Cards)” interest rate.
On the TCMB website, as of December 26, 2025, the Commercial Loans (Denominated in TL) (Excluding Overdraft Accounts for Legal Entities and Corporate Credit Cards) interest rate %45,34 as explained. Accordingly, this latest announced rate will be used in the 2025 interest rate cut.
Reminder: With the amendment made to Article 10-1/ı of the Corporate Tax Law by Law No. 7417, the right to benefit from interest deduction on cash capital increase has been limited to the accounting period in which the resolution for capital increase or the articles of association were registered in the initial establishment phase, and the four accounting periods following this period. On the other hand, taxpayers who have increased their capital before 05.07.2022 and started to benefit from the deduction within the framework of the specified law can continue to benefit from the deduction for five more accounting periods, including the 2022 period, regardless of the number of periods they have benefited from the deduction in past periods.
You can access the TCMB page regarding interest rates via the following link.
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