How to apply for tax debt restructuring?
The regulation that restructures the taxes and penalties expected by millions of people was published in the Official Gazette and entered into force. The Revenue Administration also announced the application principles for debt restructuring. Until when will debt restructuring applications be received?
Here's what you need to know about the tax debt structuring application;
Tax, premium debts, bridge and traffic fines will be restructured. The regulation paving the way for the payment of debts in 18 installments was published in the Official Gazette and entered into force.
Tax restructuring will include income, corporate, value added, private consumption, motor vehicles, customs duties, real estate, environmental cleaning taxes, and penalties and delay interest.
Educational loan debts, public lease receivables and TOBB-TESK-Bar Association dues can also be structured.
The debts of the farmers to the Agricultural Credit Cooperatives and the loans used by the forest villagers will also be within the scope of restructuring.
With the arrangement, a 500 billion lira public receivable will be structured.
In addition to debt restructuring, the law also includes important regulations for employment.
According to the President's decision, the duration of employer premium support, premium incentive, income tax withholding incentive and stamp tax support can be extended until December 31, 2023, and the duration of short-time work allowance until June 30, 2021.
In the period of January 1, 2019 - April 17, 2020, cash wage support will be given to the employers who have been dismissed and unregistered employees, who actually re-employ their workplaces and provide additional employment.
Accommodation tax delayed
With the peace of assets, no tax will be charged on gold and foreign exchange brought from abroad.
The effective date of the accommodation tax has been postponed to January 1, 2022.
The number of extensions applied to convicts in prisons due to the epidemic has been increased from 3 to 7.
Revenue Administration announced the application principles for debt restructuring.
According to the statement, applications can be made via the Revenue Administration's website and e-government.
It is also possible to apply to the tax office in person or by mail.
Applications will continue until December 31st.
The Revenue Administration suggested that applications be made online due to the pandemic.