Number: 78

Date: 03/07/2017

Title:

Fiscal holiday will be covering between 1 and 20 July in 2017.


Our explanations on the implementation of fiscal holiday are provided below:

- Fiscal holiday will start on 1 July, Saturday and will be ending on 20 July Thursday evening in 2017.

-Tax returns with submission deadline corresponding to fiscal holiday could be presented until the end of the 7th day following the last day of fiscal holiday (27 July 2017).

-Legal and administrative terms ending within 5 days following the last day of fiscal holiday are considered as expiring at the end of the fifth day following the last day of fiscal holiday. As per that for instance, the deadline for presenting VAT, stamp tax and withholding tax return is extended until 25 July 2017 Tuesday.

-Payment term for taxes disclosed on returns of which their submission deadlines are extended due to the fiscal holiday (provided that they remain within the same month) is considered as extended to the end of the day following the last day of the extended deadline for tax return presentation. Pertaining to that, the taxes on returns within this context (e.g. VAT; stamp tax, withholding) could be paid until the end of 26 July 2017 Wednesday. (In fact, for those tax returns, any extension tied to fiscal holiday does not exist).  

-On additional, direct or administrative assessments; payment terms of taxes, duties and fees whose maturity is within the fiscal holiday and related tax penalties and delay interests are also extended to the evening of the seventh day following the last day of the fiscal holiday (to 27 July 2017).

- If the litigation period is within the fiscal holiday, then this period will not be running during the fiscal holiday.

-Since the submission deadline of Ba and Bs forms pertaining to June/2017 period is not changed due to the fiscal holiday, these forms must be submitted until 24:00, in the evening of 31 July 2017 Monday through approval on the system.

-Fiscal holiday does not cover special consumption tax (SCT), banking and insurance transactions tax (BSMV), special communication tax (ÖİV) and lottery games tax (ŞOV), the taxes and funds imposed and collected by customs administrations, provincial administrations and municipalities.

-The submission and payment periods for the notifications on Resource Utilization Support Fund (KKDF) deductions are not included within the scope of fiscal holiday.     

 

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.

 

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