Statement made on the activities of taxpayers whose withholding and VAT payments to be postponed for 6 months.

We have provided context regarding the planned changes to the tax legislation within the economic package announced by President Recep Tayyip Erdoğan on 18 March 2020 with our Circular no.036 dated 19 March 2020.

Through the announcement released on the official website of Revenue Administration (www.gib.gov.tr) on 19 March 2020, it’s stated that the required work is being conducted regarding the deferral of withholding and value added tax payments that should be made for April, May and June by 6 months for the taxpayers directly impacted by the Covid-19 outbreak.

In the relevant announcement, the fields of activity of the taxpayers whose payments were postponed for 6 months are outlined. The concerning fields are retail, shopping mall, iron-steel, automotive, logistics-transportation, cinema-theater, accommodation, food-beverage, textile-garment and event-organization sectors.