SGK debt deferral extended to 72 months

The government has expanded a Social Security (SGK) debt deferral scheme, allowing eligible applicants to repay outstanding liabilities over up to 72 monthly installments, officials said. The change also removes the requirement to provide collateral for SGK debts of up to 10 million TL, with applications open until August 31, 2026.

Officials described the updated framework as a temporary facilitation for debtors who apply by the deadline. They did not give an estimate for how many firms or self-employed taxpayers are expected to use the option.

Officials said collateral will no longer be required How the revised SGK instalment plan will work According to officials According to officials, the arrangement applies to outstanding SGK liabilities and is intended to make the instalment approval process more straightforward for eligible applicants. Under the revised terms, repayment can be spread across as many as 72 installments, which would reduce monthly payment size compared with shorter schedules. Officials said collateral will no longer be required for SGK debts up to 10 million TL. They also said that liens on vehicles and movable goods will be lifted once the first installment is paid, setting a clear procedural step tied to the start of repayment. Deadline, scope, and what remains unclear Applications must be submitted by August 31, 2026, officials said. The measure is framed as time-limited, and eligibility hinges on applying within that window. Officials did not provide further details on expected participation or the share of SGK debt stock that might qualify. Market participants are expected to track enrolment levels as the application period progresses, since uptake will determine how visible the policy becomes in practice.

Cash-flow effects that market participants will monitor

Officials said the mechanism lowers near-term cash outflows for participating debtors through deferred principal and smaller monthly payments under the instalment plan. If enrolment is broad, this could reduce immediate repayment pressure for some firms and self-employed taxpayers, while shifting the profile of payments over a longer period. Market participants will also watch whether the streamlined Market participants will also watch whether the streamlined approvals and collateral waiver change debtor behavior, particularly for those facing short-term liquidity constraints. Officials said the updated terms could reduce enforcement sales by giving debtors a structured path to repayment, and the provision on lifting liens after the first installment may be especially relevant for those needing to keep vehicles and movable assets in use.

Officials did not specify how many applications they expect before the August 31, 2026 deadline, leaving take-up as a key uncertainty for assessing the policy’s reach.