The most comprehensive package in the history of the Republic! Which debts are within the scope of restructuring, how is debt restructuring done?

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The most comprehensive debt restructuring package in the history of the Republic is being implemented. All debts incurred until 31 December 2022 will be restructured. It will be possible to configure for tax, insurance premium debts and penalties.

FULL SUPPORT FROM TESK TO THE NEW PACKAGE

The President of the Confederation of Tradesmen and Craftsmen of Turkey (TESK) said, “The structuring package for tax and SGK debts is pleasing to all our citizens, and a new regulation should be included, and our tradesmen should be included in the scope of the restructuring and the way should be opened for them to retire.” Palandöken said that the configuration payments should be spread over a long period of time, taking into account the increase in the input costs of the tradesmen such as electricity and natural gas in the winter period.

TO BE SEEN AT THE CABINE

The countdown has begun for the most comprehensive configuration package in the history of the Republic. tomorrow CABINETWith the regulation to be discussed in , all debts from taxes, premiums and penalties to student loans can be restructured. So how will this process work? Economist Muhammet Bayram answered all questions about the subject. Bayram said:

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“The largest restructuring in the history of the Republic will be made. Our state is taking measures to put 1 lira more in the pocket of the citizens with contracted personnel, an additional indicator of 3600, and an increase in the minimum wage.

Especially our tradesmen, our citizens’ tax debts and SSI premiums have accumulated. Our government says that I will restructure everyone’s debts. This is the package that directly concerns our 84 million citizens. It concerns all debts within the scope of public receivables.

‘THEY CAN RETIRE UNDER EYT’

There are MTV debts, tax debts, SGK premiums, tax base increase, tax and premium debts under litigation, Bağkur premiums that tradesmen cannot pay, if they pay within the scope of restructuring, they will be able to retire under EYT.

First of all, it concerns our citizens. They have KYK debts, students’ KYK debts were pre-structured, and our students were offered a 4-year maturity. All debt under this scope will be made as follows. We expect the EYT law to come out in February. However, the first thing that will come to the agenda may be the article structuring law. A configuration will be made on the principal.

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Maturities were within the scope of 18 months, 36 and 48 months maturity can be made.

HOW LONG DOES IT TALK ABOUT LIABILITIES?

It covers debts up to 31 December 2022. In this context, as of January 1, there are MTV debts accrued in January. These debts include all debts as of December 31, 2022, due to the non-payment of our citizens.

IS THERE INNOVATION FOR LOW AMOUNT DEBTS?

Some of the debts followed up by the banks were written off. There are debts to municipalities, there are debts to special provincial administrations. Debts under 5 thousand lira can be written off. The expectation is that all of these low-amount debts, which are the most important restructuring of the history of the Republic, should be erased so that our citizens can breathe a sigh of relief.

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HOW WILL THE CITIZENS BE PROVIDED WITH THE EASE OF PAYMENT?

First of all, the date of 31 December 2022 is a milestone. It covers all previous debts. All debts to the state are within the scope, plus debts to municipalities are within the scope of tax and insurance premiums.

Our expectation is that the debts to banks can be partially included in this borrowing. If there is a principal of 10 liras, 20 liras of interest, 20 liras will be deleted. For those who want to pay in advance, there may be a partial discount if they pay in advance in the 10 lira portion.

There are also people whose configuration has deteriorated in previous periods. The debts covering before 2022 will cover all of them. Businesses will also benefit from cash amnesty, stock amnesty and tax base increase.

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WHEN WILL THE PACKAGE GO INTO FORCE?

Here in February EYT After the meeting is passed by the Parliament, the negotiations begin in March. It will come into effect in March and April.