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[BUSINESS] · Türkiye · 50 sources

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Turkey implements new tax and social security debt restructuring rules

Turkey has implemented new regulations regarding the restructuring of public debts, including tax arrears and Social Security Institution (SGK) premium debts. The deadline for applications is August 31, 2026. Under the new rules, debts can be paid in installments of up to 72 months, depending on the debtor's liquidity ratio. Additionally, the annual deferment interest rate has been reduced from 39 percent to 29 percent, and collateral requirements are waived for debts up to 10 million lira.

For tradesmen and artisans, new provisions have been made to facilitate access to Treasury-supported investment and business loans through Halkbank. Previously, having outstanding tax or SGK debts was a major barrier to credit. Now, if a debtor has outstanding amounts, up to 25 percent of the loan (capped at 300,000 lira annually) can be used to directly settle these debts. While this provides access to financing, the Treasury interest subsidy rates are adjusted downward for these cases: the 50 percent subsidy becomes 40 percent, the 100 percent subsidy becomes 80 percent, and the 60 percent subsidy becomes 48 percent.

Furthermore, the deadline for tradesmen to utilize these Treasury-supported credits has been extended to December 31, 2027, specifically to support traditional and cultural professions.

Entities

Ankara Yıldırım Beyazıt University · Halkbank · Mehmet Şimşek · Ministry of Treasury and Finance · Republic of Türkiye · Revenue Administration · Social Security Institution · Treasury · Turkey

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