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Türkiye’s Fight Against COVID-19 Pandemic

enterprises that interrupt their activities from being put in a difficult position
and to help them make a living.

In addition, it has been regulated by Article 16 of the Law No. 7226
dated March 26, 2020 that the application for the payment of the wages and
documents related to the Occupational Competence Certificate to be received
by employees being required to work in unsafe conditions would be extended
until 31/12/201 in order to support employees and employers.

As a result of the measures listed above, mainly aimed at compensating
employees’ income losses, different types of assistance have been provided to
people who lost their jobs, are in need of help, and have lost their income
for this reason. According to the statement made by President Recep Tayyip
Erdogan after Cabinet Meeting on May 18, 2020, 10 million people in Türkiye
were provided with financial support corresponding to 11.5 billion TRY. 5
billion of this support was distributed to the citizens, who are in need and
demand support, in three stages - 1000 TRY for each. The remaining amount
constitutes the sum of amounts determined as 1,177 TRY per person since
people must accept a reduction in working time. Therefore, a total of 6.5
billion TRY was paid to 5 million citizens.
5. Evaluation of Financial Measures

Some of the measures about the economic life have stemmed from the
fact that the future activities of tradesmen and enterprises are at risk and that
the economy is slowing down in all countries where this disease has spread.
In this context, an Economic Stability Shield package of 200 billion TRY was
announced for all economic units, especially tradesmen and businesses whose
operations were stopped.

Within the scope of the measures detailed above for both tradesmen and
businesses and the working sector, value added tax and premium payments
of more than 2 million taxpayers have been postponed for six months by
extending declaration periods through financial regulations; approximately
2.5 million taxpayers’ personal income tax and VAT return and payments for
March 2020 were postponed for a month. In addition, the VAT rate for airline
services has been temporarily reduced to 1% between April 1 and June 30,

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