What tax amnesty and what debts does it cover?

In the last 6 years, a new law has been added to the law, including restructuring and amnesty 5 times. President Erdoğan announced the preparation of a new tax amnesty with the statement: “We are preparing a bill that will restructure the public accounts receivable of our institutions such as tax offices, SGK and municipalities.”

WHAT DOES THE TAX AMENDMENT COVER?

AKP President and Chairman Recep Tayyip Erdogan, in a statement after the cabinet meeting, announced that they are preparing a bill that will restructure public accounts receivable. Erdoğan said:

* We are preparing a bill to restructure the public credits of our institutions, such as tax offices, customs offices, the Social Security Institution, municipalities, special provincial administrations, investment monitoring and coordination departments . With this proposal, we abolish the sanctions of the debts of our citizens and companies with our institutions and public bodies, especially tax and premium obligations. With the arrangement that we will make, we offer the opportunity to update all these debts at a certain rate and pay them in installments. Since the defendant’s tax and premium files will be within this scope, we give the parties the opportunity to end the disputes. With the offer, we also provide base augmentation and correction of business records.

* As is known, we ended up with the increase in debt for higher education loans according to the index. Now, the more loans our young people have taken, they only repay that amount. In the past, we have also eliminated debt that was created with the index. With this arrangement, we make it possible to restructure debts other than the index and pay them in installments. We want a comprehensive application and configuration proposal to all beneficiaries.

DEBTS THAT DO NOT EXCEED 2 THOUSAND LIRAS ARE LIQUIDATED

* I would like to give good news to citizens who have foreclosure debts. A regulation has already been made to liquidate executive debts that do not exceed 2 thousand liras and to terminate their procedures. Now, we are implementing the same practice for our citizens who owe our tax offices no more than 2 thousand lira in all titles, such as taxes, fines and interest. We waive the collection of fines for debts that do not exceed 2 thousand lira to the tax offices before December 31, 2022, for one time only. I hope that this application, the details of which will be released by the Ministry of Finance, will be of benefit to our citizens who will not be monitored for their debts with the Treasury.

* The main purpose of the rules made is to prevent the state and the citizen from clashing over minor issues. As Turkey’s resources, nation’s wealth and state revenue increase, we will continue to seize the opportunity for peace and well-being of all 85 million people.

EXPECTED TO COVER KYK ACCOUNTS PAYABLE, TAX LIABILITIES, TRAFFIC FINES

The debts that are expected to be covered with the preparation, the content of which has not yet been revealed, are as follows;
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