SGK New Regulation: Debt Restructuring Rules Change for Millions of Employers

Circular Summary On February 26, 2026, SGK released a new circular aimed at simplifying the debt restructuring process for businesses that owe payroll and administrative penalty contributions.
Removal of Down Payment Requirement Previously, a 10% upfront payment of the total debt was mandatory to initiate an installment plan.
The new regulation eliminates this requirement.
Companies can start the installment process by paying only the first installment amount.
For example, a firm with a 750,000 TL debt can begin a 24‑month plan in March 2026 by paying 31,250 TL.
Increase in Collateral Threshold The old rule required collateral for debts exceeding 50,000 TL.
The threshold is now raised to 250,000 TL.
If the combined debt of a company’s branches in a province or district remains below 250,000 TL, no collateral is needed.
Adjustment of Interest Rates Late‑payment interest has been reduced from 4.5% per month to 3.25% per month, while the annual rate is set at 39%.
Flexibility in Installments Businesses may pay equal installments.
If payment capacity is low, the first six installments may be structured so that their total does not exceed 50% of the debt.
Cancellation and Reapplication Rules The maximum number of missed installments before cancellation increases from 3 to 4.
The reapplication period extends from 2 to 3 years.
In a 36‑month plan, if four installments are missed, the deferment right is revoked.
Companies that lose their installment right must wait three years before reapplying.
Conclusion These changes make debt restructuring more accessible for employers, reduce collateral and interest burdens, and lower overall costs, supporting the financial sustainability of millions of businesses.