NEWSLETTER-2020-metin

297 TAX LAW According to the saving value of the valuation day for the doubtful receivables written, above, a provision can be made in liabilities… ” Due to the Coronavirus epidemic which has had great effect all over the world, taxpayers may not be able to collect their receivables on their due dates. When this occurs, it may be considered to allocate a provision for doubtful receivables in terms of receivables already made subject to litigation or enforcement proceedings, in accordance with Article 323 of the TPL. Evaluation should be made according to the characteristics of each established event. Tax Measures Introduced during the Coronavirus Outbreak by the Turkish Tax Administration As of the writing of this article, in terms of tax legislation, de- tailed regulations have been made regarding the application of force majeure, by both publishing communiqués and circulars within the scope of the TPL and Presidential Decisions. Firstly, the ‘Economic Stability Shield’ package that aims to take control of the impact on the Turkish economy due to the Coronavirus epidemic was announced to be put into effect by the President during a meeting held on March 18, 2020. Subsequently, many announcements regarding tax applications have been published on the website of the Revenue Administration. However, the most important development in this process is TPL General Communiqué No. 518, as we have stated above, where the force majeure situation was announced. With the Communiqué, tax- payers who will benefit from the force majeure provisions have been identified, and it has been regulated that the taxpayers in question will be accepted within the scope of force majeure for the period between 1 April 2020 and 30 June 2020. As of the writing of this article, the regulations made within the scope of the Turkish tax legislation may be summarized as follows. In TPC General Communiqué No. 518, the following taxpayers are acknowledged to be affected by the force majeure in terms of tax ap- plications: