With the 2813 numbered Presidential Decree published on the Official Gazette No. 31202 on 31.07.2020; until 31.12.2020 withholding rates of rent payments of real estates, to be made in cash or to account, have been reduced from 20% to 10%, in accordance with the 94th article of Income Tax Law and 15th article of Corporate Tax Law.

With the Decision of the President No. 2812 published in the Official Gazette dated 31.07.2020 and numbered 31202, VAT rates were amended in some service sectors.

As per the Provisional Article 6 added to the Decision No. 2007/13033 with the Decision of the President No. 2812, until 31.12.2020;

Due to Covid-19, short-time working allowance, cash wage support and termination ban have been extended by 1 month.

Due to the Covid-19 pandemic, new regulations were introduced by the Government.

In this context, the new regulations brought by the Law numbered 7252 published in the Official Gazette numbered 31199 and 28.07.2020 dated, are summarized as follows:

Short Work Allowance Extension

With the regulation in the provisional article 23 of the Unemployment Insurance Law numbered 4447; The President has been authorized to extend the short-term employment until 31 December 2020 for separate sectors.

In this way, short time working period extension can be made on a sector basis.