Attention those with tax, traffic fine, and student loan debts! The deadline for 72-month installments is approaching

Applications are ongoing under the regulation that allows for the installment of certain public receivables owed to tax offices. According to data from the Revenue Administration (GİB) of the Ministry of Treasury and Finance, more than 228,000 taxpayers have applied in the first 25 days since the implementation came into effect.

Previously, Minister of Treasury and Finance Mehmet Şimşek stated that the regulation is not a tax amnesty, noting that "a system has been established that protects justice for taxpayers who pay their taxes regularly" and that the implementation will provide convenience to taxpayers, especially tradespeople who intend to pay.

WHICH DEBTS ARE COVERED?

Under the regulation, receivables tracked by tax offices that were due on or before June 5, 2026, can be paid in installments.

Income tax, corporate tax, value-added tax (VAT), fees, traffic administrative fines, ecrimisil (occupancy fees), judicial fines, and student loan debts are among the receivables covered by the implementation.

WHICH INSTALLMENT OPTIONS WERE PREFERRED THE MOST?

While the maximum installment period for debts other than VAT is applied as 72 months, this period is limited to 12 months for VAT debts.

As a result of the applications made in the first 25 days, a total of 206 billion liras in debt was restructured, and 30.69 percent of taxpayers preferred 12 installments for debts other than VAT. This was followed by 36 installments at 25.19 percent, 6 installments at 18.01 percent, and 24 installments at 13.21 percent.

The rate of those choosing 48 installments was 10.6 percent, while the rate of those preferring the 72-month maturity was recorded as 2.3 percent.

The interest rate to be applied to debts due on or before June 5, 2026, to tax offices has been set at 29 percent annually.

While no collateral is required from taxpayers whose debt amount does not exceed 10 million liras, for debts above this amount, collateral only for half of the excess portion must be provided.

APPLICATIONS CAN BE MADE DIGITALLY

There is no requirement to go to a tax office to apply for installments.

Taxpayers can apply electronically via the GİB website, the Digital Tax Office, or e-Devlet.

Those who restructure their debts related to their vehicles can proceed with vehicle inspection procedures.

On the other hand, forced collection proceedings will not be applied by tax offices against taxpayers who restructure their debts. No new attachment procedures will be carried out on bank accounts, vehicles, and real estate due to the restructured debts. Additionally, it will be possible to remove seizure annotations on vehicles, and sales transactions will be suspended.

APPLICATION AND PAYMENT SCHEDULE

Taxpayers who wish to benefit from the regulation must complete their applications by August 31.

The first installment payments can be made until September 30. Subsequent installments will be collected in the following months according to the determined payment plan.

News Source: 12punto