Due to the Covid-19 pandemic spreading rapidly in our country, considering the requests submitted by Members of Profession and Employers, 23.03.2020 dated Tax Procedural Law circular numbered VUK – 126 / 2020 – 5 has been published by the Ministry of Treasury and Finance.

With the regulations of the Ministry of Treasury and Finance, below decisions have been taken:

Per the Covid-19 pandemic fact treated Türkiye rapidly, The President has announced new regulations. And, based on that the Turkish Revenue Administration has announced below precautions for further processes:

Covid-19 virus in Türkiye as well as all over the world, deeply affects human health, social and economic life. Due to the setbacks in working life and economy, declaration and payment periods of the annual income tax declarations, which must be declared until 31.03.2020, have been extended.

Ministry of Treasury and Finance annouced that the deadline for 2019 Annual Income Tax Declarations and first installment of tax payment which is 31 March 2020 was postponed to 30 April 2020.

Relevant circular in Turkish regarding the subject can be accessed from here.

Due to Covid-19 Coronavirus outbreak, which is on the Global agenda, in accordance with the press statement given as per the joint decisions of the Ministries of Family Labor and Social Services, Treasury and Finance, and Industry and Technology; there have been temporary amendments on incentives implemented to Teknopark companies and R&D Design Centers that will enable their employees to work from home.

Within the scope of 4691 numbered Law on Technology Development Zones, and 5746 numbered Law on Supporting Activities of Research, Development and Design, and relevant regulations; in order for businesses operating in Technology Development Zones and R&D Design Centers to benefit from exemptions and incentives, it is mandatory to physically conduct their activities within these areas.