Newsletter About the Temporary Prohibition of Submitting Checks and The Temporary Prohibition of Initiating Execution and Bankruptcy Proceedings on Certain Receivables
(“Provisional Article 3”) has been added to the Code Amending Certain Laws numbered 7226 dated 25 March 2020, with the article 15 of the Code Amending Certain Laws with Tax Procedure Law numbered 7318 and published in the Official Gazette dated April 30, 2021.
As a result of the aforementioned amendment, the regulations introduced by the added (“Provisional Article 3”) are listed below.
- Checks with the submission date between 30.04.2021 and 31.05.2021, including these dates, may not be submitted between the specified dates. These checks may be submitted after 01.06.2021 within the remaining submission period.
- Concerning the receivables based on bills of exchange due between 30.04.2021 and 31.05.2021 (including these dates), execution and bankruptcy proceedings cannot be initiated, an injunction decision cannot be made between the specified dates, and enforcement proceedings initiated before these dates will be suspended
- Execution and bankruptcy proceedings cannot be initiated between 30.04.2021 and 31.05.2021, including these dates, on receivables arising from public law or private law of Public Administrations covered by the Public Financial Management and Control Act numbered 5018 and dated 10.12.2003.
These amendments took effect as of the date of publication.