Debt restructuring law entered into force

Ministry of Finance, Ministry of Commerce, Social Security Institution (SGK), special provincial administrations, municipalities, Investment Supervision and Coordination Departments (YIKOB) “Law on Restructuring of Some Accounts Receivable and Amendment of Some Laws” Bulletin Official Posted in .

The date of December 31, 2022 will be taken as the basis for accounts receivable within the scope of the law. It will be guaranteed that income from past years, which is underreported or not reported by taxpayers for various reasons, is declared within certain rates and amounts.

Income and corporate taxpayers may register merchandise, machinery, equipment, and fixtures that are not included in their records, even though they exist in their businesses, at the current value determined by them or their professional organizations, and the tax base and will be provided. an increase by 2022.

Administrative fines related to acts committed before December 31, 2022 and notified up to the restructuring deadline can also be structured.

SINGLE TAX ON CORPORATE TAX OBLIGATIONS

A one-time additional tax will be charged to corporate taxpayers, taxpayers in earthquake-affected provinces will be excluded.

No tax or premium will be deducted from benefits provided by employers to help their employees affected by the earthquake. The preceding rental fee will not be applied to the owners of the homes that use the homes they own for free residence purposes to those affected by the earthquake.

The taxes and quotas of the buildings destroyed or seriously damaged by the earthquake and of the vehicles that have been rendered useless, and the auxiliary credits, if any, related to these credits, will be canceled, and the liens imposed on the vehicles by the tax offices.

AFFORDABLE PENALTY POINTS

Except for driving with alcohol and drugs, drifting and causing a fatal accident, the penalty points awarded to drivers will be removed based on administrative traffic fines. (AA)