2,000 to 40,000 TL turnover loss support will be provided to businesses providing food and beverage services Author Reuters

© Reuters.

ANKARA, 8 February (Reuters) – Due to the coronavirus epidemic, no less than 2,000 TL and no more than 40,000 TL will be provided with support for loss of turnover to businesses engaged in food and beverage service activities.

According to the President’s decision published in the Official Gazette on February 6, businesses that have started their business in 2019 and before, have active obligations as of January 27, have a turnover of more than 3 million TL in 2019 and a turnover of 50% or more in 2020 will be able to benefit from the support.

The turnover loss support will be given on the basis of 3% of the amount that decreases according to the turnover of these enterprises in 2019, not less than 2,000 TL and not more than 40,000 TL, to be paid at once. As of January 27, VAT returns submitted for the taxation periods of 2019 and 2020 will be taken as basis in the determination of operating turnovers. The turnover loss support will be covered from the allocation to be placed in the budget of the Ministry of Commerce.

News By: Mehmet Dinar
Editorial: Nevzat Devranoğlu

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