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Home › Forums › Eduma Forum › Turkey preps draft law for debt restructuring before elections…
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This topic contains 0 replies, has 1 voice, and was last updated by zelmapiazza558 1 year, 11 months ago.
Lawyer istanbul, Jan 23 (Reuters) – Turkey’s ruling AK Party is preparing a draft law to let people and companies restructure debt to public institutions, President Tayyip Erdogan said on Monday, one of a string of eye-catching measures promised ahead of elections.<br> The changes would waive late payment fees incurred over unpaid tax bills, social security debt and other liabilities, Lawyer istanbul Erdogan said after a cabinet meeting.<br> It would also let individuals and companies pay outstanding debts in instalments after restructuring with a certain rate, he added.<br> “We are preparing a draft law that will restructure public receivables of institutions such as tax offices, customs offices, social security institution, municipalities,” Erdogan said.<br> The announcement come as President Erdogan faces what is seen as the biggest challenge to his 20-year rule in parliamentary and presidential elections expected to be held on May 14.<br> The government has already ramped up spending, including dropping a retirement age requirement for Lawyer istanbul millions and substantial hikes to minimum wage and pensions.<br> Further details will be announced by the treasury and finance ministry, Lawyer istanbul Erdogan said.<br> Last week, Turkish broadcaster NTV and other media reported that the government is planning to offer a wide-ranging restructuring package to citizens.
Here’s more in regards to Lawyer istanbul take a look at our own site. (Reporting by Huseyin Hayatsever and Ece Toksabay Writing by Ezgi Erkoyun; Editing by Vin Shahrestani)<br>
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