Procedures and Principles regarding the Restructuring of Some Public Receivables were determined through the General Communiqué Serial No.1

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In the Official Gazette dated 17th November 2020, the Law No.7256 on Restructuring of Some Receivables and Amending Some Laws ("Law No. 7256") was published.

Through the Law No.7256, possibility of restructuring of payment of tax and tax penalties, customs duties and penalties, receivables and debts of municipalities, administrative fines, Social Security Institution premium receivables and fines and some other public receivables was introduced. However, unlike other laws on restructuring of receivables, the scope of the restructuring receivables identified in the Law No.7256 is more restricted. Only finalized receivables were regulated through the Law No.7256.

In this context, through the General Communiqué of Law No. 7256 on Restructuring of Certain Receivables (“Communiqué Serial No.1”), procedures and principles regarding restructuring of receivables were regulated. 

  • You may find the full text of the Communiqué Serial No.1 here.

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