Turkey preps draft law for debt restructuring before elections ...Kuwait

The New Arab - News

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. The changes would waive late payment fees incurred over unpaid tax bills, social security debt and other liabilities, Erdogan said after a cabinet meeting. It would also let individuals and companies pay outstanding debts in installments after restructuring with a certain rate, he added. "We are preparing a draft law that will restructure public receivables of institutions such as tax offices, customs offices, social security institution, mun

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Last updated : 23 January 2023 clock 10:53 PM

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Turkey preps draft law for debt restructuring before elections ...Kuwait

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