July 26, 2023

The Period of Payment of Debts Restructured within the Scope of Law No. 7440 in Türkiye Continues

Depending on the decision taken, payments for debts restructured under the purview of Law No. 7440 may be made in full or in installments.

For those who prefer the cash payment option, the last day of the payment period is Monday, July 31, 2023.

Those who prefer to pay in installments must pay the first and second installments (the first and the second installments will be paid in the same time period, since the first installment payment period is extended by the President’s Decision) until 31 July 2023, Monday.

In order to continue to benefit from the restructuring provisions, the first two installments must be paid on time and in full.

It is possible to pay in installments less than the number of installments preferred during the application, and in this case, the amount to be paid is adjusted according to the relevant coefficient.

Although the installment payment option is preferred, the cash payment discount will be available if the entire amount is paid until 31/7/2023.

If all restructured debts are paid in advance until 31/7/2023, the coefficient will not be applied to the restructured debts, and

  • 90% DISCOUNT will be made from the amount calculated based on the Domestic Producer Price Index rates.
  • 25% DISCOUNT will be made from the actual administrative fines.
  • If the restructured debt is secondary receivable only, 50% DISCOUNT will be made from the calculated Domestic Producer Price Index amount.
  • 10% DISCOUNT will be made from the tax (excluding stamp duty) accrued as a result of the tax base or tax increase.

You can make your payments to the following places;

  • Via the website of our Presidency (gib.gov.tr) (Interactive Tax Office and GİB Mobile Application);
    • o With credit cards of contracted banks
    • o From bank cards or bank accounts of contracted banks,
    • o With cards belonging to banks operating in a foreign country,
  • Contracted banks;
    • from its branches,
    • o From alternative payment channels (Internet Banking, Telephone Banking, Mobile Banking etc.),
  • Tax office cashiers,
  • To PTT branches

In order to avoid any inconvenience in payments to be made over the Internet, attention should be paid to enter the address www.gib.gov.tr into the browser.

Click to pay the Law No. 7440 Debt.

Source: Revenue Administration of Republic of Türkiye
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.