Law No. 6111 Explained
On March 5, 2011, our association held a meeting for hotels regarding the "Law No. 6111 on Amending the Law on the Restructuring of Certain Receivables, the Social Insurance and General Health Insurance Law, and Other Laws and Statutory Decrees," which was published in the Official Gazette dated 25.02.2011 and issue number 27857 (repeated) and is known in the public as the "Omnibus Law." In the meeting held at ALTSO, which was attended by accounting authorized employees of hotels, Certified Public Accountant V. Arif Şimşek provided information on the following topics: the scope of the restructuring, creditor administrations, types of receivables, Ministry of Finance taxes, tax penalties, delay interest, delay surcharges, finalized receivables included in the scope; taxes that have not been paid despite their due date or taxes whose payment period has not yet expired, customs duties, the amount to be paid, the amount waived from collection; Ancillary Public Receivables, the application and payment timing for the restructuring of finalized receivables, public receivables that are not finalized and are in the litigation stage, transactions in the audit and assessment stage, the application and payment timing for repentance declarations, and matters regarding income and corporate tax base and tax increases. Following the presentation at the meeting, which saw heavy participation, the session proceeded to a question-and-answer period.