The details of the bill have become clear: A deduction of 750 TL from the cards will be made on January 5th of each year.

The AK Party submitted a bill to the Parliament last Friday, which is expected to reach a total annual volume of 80 billion lira in service fees and taxes for defense industry projects.

750 TL DEDUCTION PER CARD

With the bill expected to be discussed tomorrow in the TBMM Planning and Budget Commission, a deduction of 750 TL will be made for each credit card holder whose limit exceeds 100,000 lira.

DETAILS BEGIN TO CLARIFY

The details of the bill, which has also caused public backlash, are beginning to clarify. Accordingly, the 750 lira share will be reflected in the cardholder's account by the institutions issuing credit cards as of the 5th day of January each year.

It will be shown in the relevant period's account statement. The amount collected from the cardholder will be declared with the bank and insurance transactions tax return that must be submitted in the month following the collection. This tax will be paid within the payment deadline.

NO REFUND EVEN IF THE CARD IS CANCELED

Moreover, the annual 750 lira share collected from the holders of cards with a limit of 100,000 lira and above will not be refunded even if the card is canceled. If the card is renewed for any reason during the year, no additional share will be taken if the share for that year has already been paid. The shares introduced by the bill will be increased each year in line with the revaluation rate.