When will the tax debt restructuring be released, what debts does it cover?
The restructuring of tax and SSK debts, known as tax amnesties, returned to prominence due to the decrease in tax collection due to high inflation and the proximity of the elections. The sources contacted by SÖZCÜ stated that President Erdogan is expected to announce the relevant package on Monday.
WHAT ACCOUNTS PAYABLE DOES THE CONSTRUCTION TAX LIABILITY COVER?
It is indicated that with the regulation that the Ministry of Finance will make, it will be possible to restructure the debts of fiscal insurance premiums and sanctions.
Consequently, the terms will be available for debts until December 31, 2022.
Debts with municipalities, electricity, water and student loan debts will be within the scope of the restructuring.
-Tax debts and SGK
-Traffic fines
-Fines to the population
-Military punishments
– Fines for illegal pass
-Customs fines
-Judicial fines
-KYK debts
-Battle Increase
-Cash and stock amnesty
-Water debts
HOW TO STRUCTURE THE TAX DEBT?
The package will offer the possibility of restructuring insurance premium debts and judicial and administrative sanctions.
Companies will be given the opportunity to increase their base, amnesty in cash and shares. Debts with municipalities, electricity, water and education loan debts will be within the scope of restructuring.
According to the news, there will be a significant cancellation of interest debts and default interest that are added to the principal debt.
As in previous configurations, cash and installment payment options will be available. In case of early payment, up to 90 percent of these debts will be cancelled.
Source: Sozcu
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