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Turkiye: The process in the most comprehensive debt restructuring in history ends tomorrow

The process comes to an end in the most comprehensive debt restructuring in the history of the Republic. The configuration opportunity will be available until the end of business tomorrow.

The restructuring process of public receivables has come to an end.

The time will not be extended in the configuration that will continue until tomorrow.

Structured debts can be paid in cash or in installments. The first installment payment period will expire on 31 July.

Tax, insurance premium debt, judicial and administrative penalties, debts to municipalities, water debts and student loan debts…

All these debts were included in the scope of restructuring. There will be a restructuring of approximately ₺1 trillion 300 billion of receivables from 13 institutions.

A first in debt restructuring: 48-month maturity

Applications can also be received during the holidays. It will be possible to apply from interactive tax offices.

Ease of payment is also provided for restructured debts. With the regulation, 48-month maturity is offered for the first time in debt restructuring.

Close to 5 million taxpayers will benefit from it

With the restructuring of public receivables, ₺265.4 billion of receivables were restructured. The total collection has exceeded ₺20 billion. Almost 5 million taxpayers applied to tax offices to restructure their debts.

Source: Trthaber / Prepared by Irem Yildiz

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