NEWSLETTER-2020-metin

296 NEWSLETTER 2020 3. If a deadline extension is granted, the tax should not be compromised. The Ministry of Finance may transfer its mandate, completely or partially, as well as to apply for regions, provinces, districts or sectors, as well as business lines or taxpayer groups, without seeking written conditions.” Finally, under Article 111 of the TPC, it is stated that the Ministry of Finance is authorized to extend the payment terms of taxes accrued upon declarations for a maximum of one year from the date of the maturity, in accordance with Article 15/3 of the TPL. It is stated that this authority may be used by determining different periods in terms of the region, province, district, locality, and those who suffer from the disaster, and the degree of damage of the disaster or tax types. The days that are determined in this manner replace the maturity date of the tax receivable. Doubtful Receivables The Coronavirus is expected to affect “trade receivables” on the balance sheets prepared by legal entities taxpayers, in particular. 1 Therefore, another issue that may arise due to the Coronavirus are “doubtful receivables” issues that may arise when collection problems are observed. The following regulation is included in Article 323 of the TPL: “… On the condition that it is related to obtaining and maintaining commercial and agricultural income: 1. Receivables during the execution phase; 2. Small receivables that are not worth protesting, or the case and execution proceedings that have not been paid by the debtor more than once despite having been requested, are deemed as a doubtful receivables. 1 Gedik, Aslı : Koronavirüs Bilançoma Bulaştı, Dünya Gazetesi, https://www. dunya.com/kose-yazisi/koronavirus-bilancoma-bulasti/464772 (Access date: 16.03.2020).