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The AK Party yesterday presented its new 43-item economic package to Parliament, which will reduce the impact of the coronavirus, which affects the whole world, on the economy and relieve citizens. Consequently, no tax will be charged on gold and foreign currency brought from abroad, regardless of the amount within the scope of the Patrimonial Peace. Tax and SSI debts will be restructured. The duration of the short work allowance will be extended. The accommodation tax will be delayed until January 1, 2022.
THE AUTHORITY TO DOWNLOAD KV UP TO 5 POINTS
With the package, the president is authorized to reduce the corporate tax rate (KV) from 20 percent to five points and bring it back to the legal level. In order to encourage public offering and institutionalization, the KV rate will be applied at a discount of at least 20 percent to companies whose shares are listed on the Borsa Istanbul Stock Market for the first time.
EXCEPTION TO PART WORK
In order to encourage people who benefit from unemployment benefits to return to employment more quickly, if these people are employed within 90 days after leaving their jobs and work continuously for 12 months at this workplace , all long-term insurance premiums will be covered by the Unemployment Insurance Fund. In order to encourage part-time work and increase new jobs, service personnel who accept part-time work will be exempt from income tax and stamp duty.
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EMPLOYMENT HIGHLIGHTS OF ‘2023’
The president will be authorized to extend the duration of the support and the incentives to be implemented until the end of 2020 until December 31, 2023, if necessary, in order to facilitate the protection and increase of employment for the private sector. The support for premiums, taxes and withholding tax that is provided to companies that provide additional employment will also extend until the end of 2023. For the re-employment of unemployed to be hired without notification to Social Security; Employers whose employment or service contracts expire between January 1, 2019 and April 17, 2020 and employees request their last place of work without notifying the Social Security Institution and if they are actually employees of these employers, they are it will deduct them from all the premiums that employers will pay to the Social Security Institution. 15 supports will be provided.
Daily cash salary support of TL 39.24 will be provided for those who are hired by the employer and are on leave of absence without pay. In addition, a support of TL 34.34 per household per day will be given to those who declare that their application is not accepted within this scope, within the conditions specified in the article.
IN BRIEF STUDY DURATION 2021
President Recep Tayyip Erdogan’s authorization on the short work allowance will run until June 31, 2021. The 600 day premium payment requirement in the last 3 years required to qualify for the short work allowance is 450 days ; The condition of being subject to a service contract during the last 120 days before the short-term work begins will be reduced to 60 days.
SUPPORT FOR EXPORT
In order to improve the international competitiveness of the country’s economy through exports, create new export areas, increase employment opportunities and increase the participation of our country in the new markets that are formed in this field, 50 Percent of real taxpayer earnings from export of goods will be deducted from the income declared on the return.
UEFA’YA TAX INCENTIVE
In Turkey Playing a planned 2021 UEFA Champions League via updates by date to play the UEFA final match, the participating football clubs and the assistant legal entity in the organization of the workplace, earnings and legal and center income The businesses that have been obtained are not in the country in Turkey, therefore they will be exempt from income and corporation tax. The VAT exemption period provided for the free delivery of computers and equipment to the Ministry of National Education will be extended. The discount for payments to jockeys, riders and their trainers will be extended until 2025.
HOME PRODUCED SATANA EXEMPTION
Mehmet Muş, vice chairman of the AK Party Group, gave information about the package at a press conference at the Grand National Assembly of Turkey. Muş stated that they brought exemptions from income and stamp taxes to service personnel who agreed to work part-time to fulfill the new job offer, and stated that they postponed the establishment period of the Ahi-Order Fund until the end of 2023. Muş said: “We are exempt from income tax under certain conditions to those who sell the goods they produce at home via the Internet. The limit here is 220 thousand TL. We postpone the application of the accommodation tax in tourism until early 2022, “he said.
They can get anything they want, until June 30, 2021
In foreign currency, gold, currency, economic instruments, capital market Mus stating that they pave the way for the introduction of Turkey, “We will not claim any tax. Equally at home in foreign currency, gold, no tax will be sought in the image of the book of recognition of those values. Since June 30, We set it as 2021 “, he said.” Is there a limit for gold and currencies? “Muş replied:” They can bring as many as they want. “Will there be fiscal restructuring ? “Muş replied:” Currently there is a technical study on the structuring of SGK tax and premium debts. If we complete this proposal, we will add it to the proposal at the commission stage of the negotiations. “
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