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23 May 2018 Turkish Law on restructuring tax and other receivables enters into force Turkey's Law No. 7143 Regarding Amendment of Certain Laws and Restructuring Tax Receivables and Other Certain Receivables (the Law)1 was published in the Official Gazette dated 18 May 2018 and has entered into force. The Law aims, among others, to restructure definite public receivables or public receivables which are in the process of litigation. Taxpayers who request restructuring of their tax debts within the scope of the Law should apply to the relevant tax authority by the end of July 2018. However, in order to benefit from restructuring under the article "Transactions in the process of tax audit and tax assessment," taxpayers should apply within 30 days from the date of official written notice. In order for taxpayers to benefit from the article "Tax base and tax increase," taxpayers must increase their tax bases by the end of August 2018. 1 See EY Global Tax Alert, Turkish parliment approves law on restructuring tax and other receivables, dated 15 May 2018. Document ID: 2018-5687 |
