And Erdogan approved! Here is the new support package
"Turnover loss support" to be given to businesses in the food and beverage sector due to the new type of coronavirus (Kovid-19) epidemic was published in the Official Gazette.
According to the decision published in the Official Gazette with the signature of President Recep Tayyip Erdogan, the turnover loss support will be met from the budget of the Ministry of Commerce.
Businesses that continue their business that started in 2019 or before and have active obligations as of January 27, 2021, with a turnover of 3 million TL or less in 2019 and a decrease of 50 percent or more compared to the turnover in the year in question, will benefit from this support. .
The turnover loss support will be given on the basis of 3 percent of the decreasing amount of the turnover in 2020 compared to the turnover in 2019, provided that it is not less than 2 thousand lira and not more than 40 thousand lira to be paid at once.
As of January 27, Value Added Tax returns regarding the taxation periods in 2019 and 2020 will be taken as basis for the determination of business turnover. The declarations for the 2019 and 2020 periods after the said date will not be taken into consideration in the turnover calculation.
Payments of turnover loss support, which are found to be paid excessively or inappropriately, will be collected by the tax authorities in accordance with the provisions of the Law on the Procedure for Collection of Public Receivables dated 21/7/1953 and 6183. The application period and other procedures and principles for turnover loss support will be determined by the Ministry of Trade.