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ARTICLE · 06 FEBRUARY 2023

Restructuring Of Customs Receivables

On 27 January 2023, the Draft Law, which includes provisions regarding the restructuring of various public receivables, including customs receivables, was submitted to the Turkish Parliament...

TurkeyInsolvency/Bankruptcy/Re-Structuring

On 27 January 2023, the Draft Law on the Restructuring of Certain Receivables and Amending Certain Laws ("Draft Law") was submitted to the Turkish Parliament. It includes provisions regarding the restructuring of various public receivables, including customs receivables. Considering the election calendar, the Draft Law is expected to be enacted by mid-February.
Recent development

On 27 January 2023, the Draft Law, which includes provisions regarding the restructuring of various public receivables, including customs receivables, was submitted to the Turkish Parliament.

You can find the details of the regulations of the Draft Law regarding the restructuring of tax receivables, the tax base increase and the business records' correction introduced in our legal alert here. This alert only lays out the main regulations regarding the restructuring of customs receivables. The Draft Law may be amended prior to its enforcement.

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