Intense Interest in Tax Debt Installment: Applications Continue

The regulation regarding the installment of debts to tax offices is receiving great interest from taxpayers. According to the data from the Revenue Administration of the Ministry of Treasury and Finance, a total of 206 billion liras of debt has been included in the installment scope.Those who want to installment their tax debt, traffic fines, student loans, and other public receivables can continue to apply. Certain public debts can be installment up to 72 months. The deadline for applications is August 31.With the regulation of the Ministry of Treasury and Finance, debts with a due date of June 5, 2026, and earlier, which are followed by tax offices, can be installment. Income tax, corporate tax, VAT, fees, traffic administrative fines, ecrimisil, judicial fines, and student loan debts can benefit from the application. As of the first 25 days since the application started on June 16, more than 228,000 individuals and businesses have applied.The maximum installment period for debts other than VAT is 72 months, and for VAT debts, it is 12 months. The annual deferment interest for debts is determined as 29 percent, and no collateral is required for debts up to 10 million liras. Applications can be made not only through tax offices but also through the internet site, digital tax office, and e-Government. For taxpayers who have installment their debts, enforcement proceedings are suspended, and no new liens are imposed on bank accounts, vehicles, and real estate.