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Tax and SSI Amnesty are in the Road! Initial Payment will be done on July-2017 According to Turkish Laws!

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1- INSTALLMENT PLAN FOR TAX AND SSI LIABILITIES BETWEEN 01.07.2016 – 31.03.2017 IS IN THE ROAD!
People who made an installment plan for liabilities that are until the end of June 2016 but could not pay or partially paid their accrued liabilities for between July 2016 and until the end of March 2017 will have right to make an new installment plan.

There will be no “TAX BASE INCREASE”  in the new regulation.
There will be no “STOCK AMNESTY”  in the new regulation.
There will be no “CASH AMNESTY”  in the new regulation.
There will be no “PARTNERS AMNESTY”  in the new regulation.

2- THE LIABILITIES THAT WERE IN THE INSTALLMENT PLAN LAST YEAR WILL GO ON IN THE SAME MANNER!
With the Bag Law numbered 6736
, the installment plan of current liabilities of the tax payers who made an installment plan for their tax and SSI liabilities will go on in the same manner.

3- PEOPLE WHO COULDN’T MAKE AN INSTALLMENT PLAN LAST YEAR WILL BE ABLE TO APPLY FOR ALL OF THEIR PREVIOUS LIABILITIES!
People, who didn’t/couldn’t make an installment plan for their tax and SSI liabilities within the scope of the Bag Law numbered 6736, will be able to apply for all of their liabilities (31 March 2017 and before that date) with the new regulation.

4- TOTAL AMOUNT OF LIABILITY IS  73 BILLION TURKISH LIRAS
The amount of new installment is 72 Billion Turkish Liras. How much of those liabilities are within the scope of installment will be determined at the end of the application.

5-THE CAPITAL WILL REMAIN, THERE WILL BE INSTALLMENT FOR THE LATE FEE!
The capital will remain the same like the previous installment plan; however, there will be installment for the late fee. On the other hand, the liabilities can be extended to 3 years after the calculation of the installment. If demanded, liabilities can make 6-9-12-18 installments or pay all of the amount in cash. The installment will be paid bimonthly.

6- WHEN WILL THE NEW INSTALLMENT PLAN BE ENACTED?
The Law about the installment plan is planned to be published in the Official Gazette in the middle of May and come into force at the same day.

7- WHEN IS THE APPLICATION PERIOD FOR THE NEW INSTALLMENT PLAN?
The application period for the new installment plan will begin as of the date of publishing date and it will last until 30 June 2017.

8- WHEN IS THE INITIAL PAYMENT OF THE NEW INSTALLMENT?
The initial payment of the new installment for liabilities can be made;
until 31 July 2017 for tax liabilities,
until 31 August 2017 for SSI liabilities.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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