Open menu

Additional Duration Opportunity for Re-Adjustment

Additional Duration Opportunity for Re-Adjustment

The “General Communique of the Law no. 7143 on Re-adjustment of Taxes and Some Other Debts” (the “Communique”) has published by the Ministry of Treasury and Finance (the Directorate of Revenue Administration) on 05.01.2019 dated Official Gazette. Herein this Communique has determined the procedure and principles of time extension for two months that is given for the re-adjustment.

According to this, the debtors who could not make their payments until 28 December 2018 and lost the right to apply for re-adjustment, shall benefit from the re-adjustment by making related payments with late payment interest until 28 February 2019.

No written application is needed to benefit from the re-adjustment. Below-mentioned elements should be covered to benefit from the time extension:

  • The debts should be re-adjusted under 7143 numbered Law;
  • Breach of the Law by not paying the amounts that need to be paid until 28.12.2018;
  • The aforesaid amounts that lead the breach, shall be paid with late payment interest that is accruing from the last official date of payment to the payment date (including both dates) until 28.02.2019.

You may access the full text of the published regulation via this link.

Written by Seda Arıcı, Posted in Taxation Law

  • Notification!

    Contents provided in this article serve to informative purpose only. The article is confidential and property of CottGroup® and all of its affiliated legal entities. Quoting any of the contents without credit being given to the source is strictly prohibited. Regardless of having all the precautions and importance put in the preparation of this article, CottGroup® and its member companies cannot be held liable of the application or interpretation of the information provided. It is strictly advised to consult a professional for the application of the above-mentioned subject.

    Please consult your client representative if you are a customer of CottGroup® or consult a relevant party or an expert prior to taking any action in regards to the above content.

About The Author

Seda Arıcı

Legal Consultant | Attorney
This website is using cookies.
In this website, we use cookies to develop your user experience, obtain efficient work and track statistical data. You are agreeing to our use of cookies by browsing our website. Please review Çerezler (Cookies) page for detailed information of how we manage the cookies. This choice is valid for 30 days until you delete the cookies in your web browser.