Turkey Tax Agency Issues Guidance on Low-Interest Installment Payments of Deferred Tax Debt

The Turkish Revenue Administration June 16 issued Publication No. 610, General Communique No. 20, and other guidance, on low-interest installment payments of deferred tax debt. Topics covered include: 1) the Aug. 31 deadline for taxpayers to manually or electronically apply to postpone tax debt due as of June 5, and unpaid as of June 16, and pay in installments at an interest rate lower than the current deferral interest rate; 2) qualifying tax debt is affiliated with the Ministry of Treasury and Finance, and excludes certain special consumption or advance taxes, and related penalties, interest, or stamp duty; 3) 36, ...