Around $34 bln receivables, tax debts restructured: Turkish finance minister

ANKARA

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The government restructured a total of 120 billion Turkish Liras ($33.6 billion) public receivables and tax debts in a recent plan, Finance Minister Naci Ağbal said on May 24. 

Ağbal added that tax offices would be open over the weekend to receive last-minute applications, for which a May 31 deadline has been set. 

A comprehensive tax and public receivable restructuring plan went online in August 2016. In line with the plan, the authorities started to receive applications in November 2016 and the last deadline for such applications were extended to May 31 from the end of January.

“In line with the plan, we have restructured some 80 billion liras of debts to the tax offices and 40 billion liras of debts to the Social Security Institution [SGK], totaling 120 billion liras. We have so far collected over 18 billion liras [$5 billion] in the framework of this plan,” Ağbal said. 

The authorities extended the deadline to the end of May in light of the current economic conjuncture, he added. 

“We are waiting for our taxpayers to make their payments this month by benefiting from our highly advantageous restructuring plan,” Ağbal stated.