“Tax and economy package” published in the Official Journal

The Law on the Valuation of Real Estate Belonging to the Treasury and the Amendment of the Law on Value Added Tax, and the Law on the Amendment of Certain Laws and Decrees Having the Force of Law have been published in the Official Gazette. According to the law; Engineering services under the Investment Incentive Certificate for Electric Vehicle Manufacturers in Turkey will not be subject to VAT until December 31, 2023. In order to be exempt from Value Added Tax in deliveries of residences or workplaces to foreigners, the one-year retention requirement will be increased to 3 years.

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The Law on the Valuation of Real Estate Belonging to the Treasury and the Amendment of the Law on Value Added Tax, and the Law on the Amendment of Certain Laws and Decrees Having the Force of Law have been published in the Official Gazette.

Accordingly, if the net amount of the monthly allowance granted to the mukhtars in the amount found by multiplying the indicator number of 14 thousand 750 with the monthly coefficient of the official is less than the net minimum wage, the difference will be paid separately, without being subject to any tax or levy, within the framework of the procedures and principles provided for the abatement.

Foreign nationals not residing in Turkey, Turkish citizens living abroad for more than 6 months by obtaining a work or residence permit, and institutions that do not have a legal and business center in Turkey and do not earn income in Turkey through a place of work or a permanent representative In order to be exempt from Value Added Tax, the one-year holding condition will be increased to 3 years in residential or professional deliveries.

Dentists and physicians who practice medicine under a contract with one or more private health establishments will be considered self-employed and their income will be taxed according to the provisions relating to income from self-employment.

Engineering services under the investment incentive certificate for electric vehicle manufacturers in Turkey will not be subject to VAT until December 31, 2023, in order to develop technologies that will completely eliminate gas emissions Greenhouse effect.

In calculating the 2022 annual fees for travel agencies, 50% of the revaluation rate determined and announced for 2022 will be taken into account.

A 20% discount will be applied on direct sales of Treasury properties above current market value, if the sale price is prepaid.

The application period for the sale of the treasury buildings on which the buildings for which the registration certificate is obtained will be extended until December 31, 2022.

Agricultural land belonging to the Treasury, which does not have a zoning plan or which is allocated for agricultural purposes in the zoning plan, is directly transferred to the users determined by the Ministry of the Treasury and Finance, who use it for agricultural purposes for at least 3 years before December 31, 2019 and whose use is still continuing, up to 10 years more than half of the ecrimisil value of the current year.

With the exception of revenue from the sale of houses belonging to local administrations and social security bodies, revenue from the sale of public houses, for which calls for tenders were launched in 2022 and 2023, will be recorded as revenue in general budget.

On the grounds that there is a regulation on it, the buildings registered in the name of the Treasury in the title deed will be taken out of the limits of the forest and a cadastre will be made. Ownership will be determined by transferring information from the declarations section of the cadastral register to the declarations section of the land register. These buildings will be sold directly to the beneficiaries by comparing them with the provisions relating to the sale of buildings in zone 2/B.

For certain companies operating in the financial sector, the corporation tax rate will be raised to 25%.

In the contracts and protocols regarding the purchase of services within the framework of access to education through transport, there is a provision for the calculation of the price difference and an additional price difference will be applied for parties who do not are not calculated only for some of the inputs.

The mandatory waiting period for the return of doctors who resigned from the State will be lifted for once.

Assignment of contracts in liquidated savings financing companies

With the law, a regulation was made to eliminate the grievances of the customers of the savings period of the companies of financing of the savings which were liquidated.

Considering that due to the fact that the current assets of the liquidated companies are insufficient to pay the savings amounts in question and that the companies have a deficit of resources, it is considered that the customers of the savings period will suffer; The savings financing contracts of savings financing companies whose assets do not meet their obligations will be transferred to savings financing companies which are in the process of being adapted to the law on financing companies. financial leasing factoring and savings financing or who have obtained licensure after completion of the adaptation process.

The amounts of savings to be returned to customers with the transferred contracts will be paid in cash to companies through the Savings Deposit Insurance Fund (TMSF).

The registers and documents of the transferring company will serve as a basis for determining the amounts of the savings linked to the transfer of contracts to be carried out. The scope of the transfer will include all savings financing contracts during the savings period of the transferring company, excluding those for which legal proceedings are still in progress.

The savings financing contract will be returned to the transferring company, if the transferee customer requests the termination of the contract. The amount of the savings linked to the restituted savings financing contract will be paid by the liquidation counter to the customer in cash and in one month without being subject to the order form.

The amount of the savings of the client who wishes to continue his contract with the transferee company will be paid to the transferee company by the liquidation office, in cash and within one month, from the date of reconciliation, at the request of the transferee company. . The amount to be paid to the transferee company by the liquidation office will be limited to the amount of savings paid by the client to the transferor company.

In order to make allocations to customers who have signed a new savings financing contract with the transferee company, it will be mandatory that 40% of the amount of the contract has been saved on the date of signature of the new contract and that the duration during which the savings is paid has reached two-fifths of the total duration of the contract.

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