The deadline for debt restructuring is July 31

Those who restructure their debts such as taxes and administrative fines to the public must pay the first and second installments until July 31 in order to benefit from the application.

On July 3, the application period to benefit from the restructuring agreement within the scope of the Law for the Restructuring of Certain Credit Rights and Modification of Certain Laws ended.

Configurable debts can be paid in cash or in monthly installments up to a maximum of 48 months, depending on the preference made.

DEADLINE FOR EARLY PAYMENT JULY 31

The deadline for cash payment of the restructured debts will expire on Monday, July 31.

Those who prefer to pay in installments must complete the first and second installments before July 31. The first and second installments will be paid in the same term, since the payment term of the first installment has been extended by Decision of the President.

To continue to benefit from the restructuring provisions, the first two installments must be paid on time and in full.

It is possible to pay in installments lower than the number of preferred installments during the application, and in this case, the amount to be paid will be adjusted according to the corresponding coefficient.

Although the option to pay in installments is preferred, the cash discount will be available if the full amount is paid at the end of the month.

NO COEFFICIENT WILL BE APPLIED FOR CASH PAYMENT

If all the restructured debts are paid in advance at the end of the month, the ratio will not be applied to the restructured debts. A 90 percent discount will be made on the amount calculated based on D-PPI rates, and a 25 percent discount on actual administrative fines.

If the restructured debt is only ancillary credits, a 50 percent discount will be applied to the calculated D-PPI amount and a 10 percent discount to the tax (excluding stamp tax) accrued as a result of the taxable amount or increase in tax.

YOU CAN PAY ELECTRONICALLY

It is possible to make payments electronically from the Internet address of the Revenue Administration, “www.gib.gov.tr”, through the Interactive Tax Office and the GİB Mobile application.

Structured debts can be paid from bank and credit cards or bank accounts of contracted banks, cards belonging to banks operating abroad, branches of contracted banks, alternative payment channels such as Internet and telephone banking and mobile banking, tax office ATMs or PTT branches.

LAST DAY FOR MTV, JULY 31

On the other hand, on July 31, the payment period for the second installment of Corporation Tax relating to income elements obtained in 2022 will expire.

In addition, the payment period for the second installment of motor vehicle tax (MTV) 2023 will end on July 31. (BRITISH AUTOMOBILE CLUB)