TAXES AND LOANS POSTPONED DUE TO THE PANDEMIC SHOULD ALSO BE RESTRUCTURED

Evaluating the omnibus bill on the restructuring of public receivables, ETO President Metin Güler emphasized that the taxes deferred to October, November, and December, as well as treasury-backed loans provided by public banks, should also be included in the scope of the restructuring.

Eskişehir Chamber of Commerce President Metin Güler shared his views on the omnibus bill, which has completed its discussions in the Turkish Grand National Assembly's Planning and Budget Committee. Güler stated that payments deferred due to the COVID-19 pandemic should also be included in the restructuring scope. He noted that the restructuring of public receivables is a positive step for traders and industrialists, and emphasized that taxes postponed to October, November, and December, along with treasury-backed loans provided under the Economic Stability Shield Package, should also be covered by the restructuring.

Companies' revenues have declined, disrupting their payment balance

Güler pointed out that 2020 has been marked by the impacts of the COVID-19 pandemic, leading to a decline in revenues and disruptions in the payment balance for traders, industrialists, and small business owners. He stressed that including the treasury-backed loans and this year's taxes, postponed under the Economic Stability Shield Package, in the restructuring scope is crucial for businesses to continue their commercial activities.

State support is essential for recovery

Güler also emphasized the need to postpone declarations such as the withholding tax, premium service, and VAT for traders, industrialists, and small business owners. He pointed out that due to the pandemic, some businesses remained closed for months, and during this period, companies struggled to meet their obligations such as rent and personnel costs. He concluded by noting that businesses need time to recover from the wounds caused by the pandemic, and state support is critical to overcome this period with minimal damage.