Submission and Payment Period of VAT Declarations and Submission of “Form Ba-Bs” Notifications are extended
Through the Tax Procedure Law Circular No.126 (“Circular”), which was published on the website of the Revenue Administration on March 23, 2020;
- The period of submission of Value Added Tax declarations, which must be submitted by the end of March 26, 2020, and the payment periods of the taxes accrued on these declarations is extended until the end of Friday, April 24, 2020.
- The "Form Ba" and "Form Bs" notifications for the 2020/February period, which should be submitted by the end of March 31, 2020, is extended until the end of Thursday, April 30, 2020.
- As well as the creation and signing period of the e-Books that must be created and signed by the end of March 31, 2020, the loading period of the “Electronic Ledger Charts” that must be uploaded to the Revenue Administration's Information Processing System is extended until the end of Thursday, April 30, 2020.
You may find the full text of the Circular here.
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Other Contents
Periods for submission of annual income tax returns and the payment period of the first installment are extended until 30th April 2020 through the Tax Procedure Law Circular No.125 (“Circular”), published on the website of the Revenue Administration on 17th March 2020.
Through the Tax Procedural Code General Communiqué Serial No. 518 (“Communiqué), published in the Official Gazette dated 24th March 2020 and No. 31078 (repeated), regulations are made in relation to the taxpayers that will benefit from the “force majeure” regulations indicated under Tax Procedural Code No. 213 (“TPC”) and in terms of tax applications.
Through the promulgation of the Law Amending Some Laws No. 7226 (Law), published in the Official Gazette dated 26th March 2020 and No. 31080 (repeated), two important amendments are made in the tax legislation.
Through the announcement published on the official website of Revenue Administration on 30th March 2020, the scope of tax types that can be paid from the Interactive Tax Office via credit card and contracted banks is expanded due to Covid-19 epidemic disease.
The coronavirus (Covid-19) epidemic, which first appeared in Wuhan, China, has been declared a global epidemic by the World Health Organization.
An important regulation is made regarding the time periods of the Corporate Tax declarations through the Tax Procedural Law Circular No. 127 (“Circular”), published in the official website of the Revenue Administration on 17th April 2020.
Through the Tax Procedure Law Circular No.129 (Circular), published on the website of the Revenue Administration on 21th April 2020; the payment and submission periods of the VAT declarations pertaining to 2020/February and 2020/March are extended until 28th April 2020.
Through the Tax Procedure Law Circular No.128 (“Circular”) published on 20th April 2020;
Through the promulgation of the Additional President Decision to Import Regime Decision No. 2514 (“Decree”), published in the Official Gazette dated 11th May 2020 and No. 31124 (repeated), additional customs duty is imposed on several products (more than 400), including agricultural devices, machines, jewelry, white goods, musical instruments and sports equipment.
Through the Tax Procedural Law Circular No.130 (Circular), the submission period of Advance Income...
Through the promulgation of the Additional President Decision to Import Regime Decision No. 2565 (“Decree”), published in the Official Gazette dated 20th May 2020 and No. 31132, additional customs duty is imposed on several products (more than 800), including marbles, granites, rubber goods, cotton threads, glassware, some iron and steel products and electronics.
Through the promulgation of the President Decision No. 2604 (“Decision”), published in the Official Gazette dated 3rd June 2020 and No. 31144, the withholding tax rate on free exchange funds was increased to 15%.
Through the promulgation of the President Decree No. 2813 (“Decree”), published in the Official Gazette dated 31 July 2020 and No. 31202, the withholding tax rate in real estate rentals is reduced to 10% until 31 December 2020.
Through the promulgation of the President Decree No. 2812 (“Decree”), published in the Official Gazette dated 31 July 2020 and No. 31202, VAT rates were reduced to 8% and to 1% for others until 31 December 2020 for specific goods and services.
Through the Tax Procedural Code General Communiqué Serial No. 524 (“Communiqué”), published in the Official Gazette dated 25th January 2021 and No. 31375, force majeure was accepted for taxpayers whose activities were discontinued or suspended in the Covid-19 outbreak.
Cheque Submission Periods were Postponed