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AK Parti omnibus bill wipes out GSS debts of 1 million people

Under the 15-article proposal submitted to the Turkish Grand National Assembly, GSS premium debts and late-payment increases from before 1 January 2017 are fully forgiven; the women-youth employment incentive is extended to 2028.

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MY
Mehmet Yılmaz
· 2 min read
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AK Parti Group Chair Abdullah Güler announced the details of the 15-article omnibus bill submitted to the Parliament Speaker's Office. Under the proposal's most comprehensive article, unpaid General Health Insurance (GSS) premium debts dating from before 1 January 2017, along with all associated late-payment penalties and increases, are being waived. Approximately 1 million people carrying a total of 4 billion in debt will benefit from this arrangement.

Under the Vocational Education Law, the extension authority granted to the President for the state contribution scheme covering wages paid to candidate apprentices, apprentices and intern students is being raised to 15 years, with each extension covering one academic year.

On the employment side, the duration of the incentive under the Unemployment Insurance Law that supports the hiring of women, young people and holders of vocational-technical training certificates is extended to 31 December 2028; President Erdoğan is also granted the authority to extend this period until the end of 2029.

The articles concerning the energy market set out a legal framework allowing floating LNG facilities to serve in different regions by EPDK decision. In order to prevent speculative applications in wind and solar energy, the capacity increase fee applied by TEİAŞ is also being put on a statutory footing.

On the tax side, from 1 January 2027, precious metal refineries, oil refineries, tobacco and alcoholic beverage producers and companies engaged in electricity generation are being removed from the scope of the 12.5 percent reduced corporate tax.

The proposal's articles also add a provision granting legal protection, other than for acts constituting crimes, to practitioners managing certain investment funds whose liquidation was decided within the scope of the fund investigation. Güler also announced that the date for the second of the fund interim payments would be announced today.

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