State of force majeure announced for tax applications in the province of Van and around ended as of 31 May 2017.

A state of force majeure had been announced by the Finance Ministry for all taxpayers in the province of Van, districts of Ağrı’s Patnos and Bitlis’s Adilcevaz starting as of 23 October 2011, following the earthquake in Van. Pursuant to that, for the taxpayers within the scope of force majeure, submission and payment periods of all tax returns and notifications that should have been presented as of 23 October 2011 were delayed to a date to be determined later on.

Article 5 of the Law no.7020 published in the Official Gazette dated 27 May 2017 contains a regulation indicating that the state of force majeure for the taxpayers still subject to force majeure that are resident in places under the state of force majeure with that period exceeding two years will be ending as of the last day (31.05.2017) of the month in which this Law has been published.

Within the context of that term, the state of force majeure announced as of 23 October 2011 in provinces and districts provided above has spontaneously ended on 31 May 2017 for all of the taxpayers under force majeure without any requirement for application.

Pertaining to the Law no. 7020, tax returns and notifications that could not be submitted in those provinces and districts caused by the force majeure announcement (excluding advance tax returns, taxpayer info notifications, closing balance notifications) should be submitted until 31 August 2017 and accrued taxes are required to be paid in thirty equal installments by each two months periods with the first one starting from January 2018. Taxes that would be paid like this will not be subject to any increase, interest or coefficient.

Procedure and principles concerning the implementation of the law term summarized above and finalizing the state of force majeure are identified within the General Communique for the Law on Restructuring of Certain Receivables no.7020, series no.2 published in the Official Gazette dated 3 June 2017.

Our explanations provided above include general information on the issue. No responsibility can be claimed against    
EY and/or  Kuzey YMM ve Bağımsız Denetim A.Ş. due to the implications arising from the context of this document or emerging with respect to its context.


Best Regards,
Kuzey YMM ve Bağımsız Denetim  A.Ş.