Businesses whose operations have either been suspended by government order or are among the affected ones due to COVID-19, are granted a 25% discount on the installments of their tax-certified debts that are due for payment from March 30, 2020 until April 30, 2020, provided that they are paid within the deadline.
In the case of debts that are under a settlement arrangement, 25% of the settlement amount will be deducted.
VAT and withholding taxes that have not been subject to a partial payment settlement are excluded from this arrangement, along with debts coming from State aid and foreign government debts.
Newer clarification issued states that the VAT and withholding tax obligations certified by tax authorities are not subject to any partial payment arrangement, are payable from 30.03.2020 to 30.04.2020 and will be excluded from the 25% discount rule or any other discount.
To facilitate taxpayers who wish to pay March’s debts utilizing the 25% deduction scheme, the Ministry of Finance has issued decision 1068/2020, offering an extension for the timely payment until Friday 10 April 2020.
According to the relevant Legislative Act, special provision will be made for taxpayers who have paid the full amount of their debts on 30-3-2020 and 31-3-2020 and are entitled to the 25% discount.