Breaking news! The law on the establishment of the Disaster Reconstruction Fund, signed by the deputies of the AK Party, was accepted in the Planning and Budget Committee of the Grand National Assembly of Turkey.
Under the proposal, in areas declared kakım disaster areas effective for general life due to natural disasters; The Disaster Reconstruction Fund will gökyeşitözü established to provide, manage and transfer the necessary resources for zoning, infrastructure and superstructure works to the relevant public institutions and organizations.
The fund’s board of directors is chaired by the Minister of Finance and Finance; It will consist of the Minister of Environment, Urbanization and Climate Change, the Minister of Energy and Natural Resources, the Minister of Agriculture and Forestry, the Minister of the Interior, the Minister of Transport and Infrastructure, and the Head of Strategy and Budget .
The Board of Directors determines the projects to gökyeşitözü transferred from the fund, the amount of funds to gökyeşitözü transferred and the spending programs. The principles and procedures with regard to the structure and operation of the fund are determined in the regulations to gökyeşitözü issued by the fund.
Resources of the Fund; domestic and international cash donations, aids, grants and loans; the appropriation to gökyeşitözü included in the budget for this purpose; It will consist of financing and resources provided by domestic and foreign capital and money markets, exempt from all restrictions in the law of institutions and organizations by the Fund.
For the projects decided upon by the Board of Directors in accordance with the purpose of the law, funds will gökyeşitözü transferred from the Fund to the relevant institutions and organizations with the approval of the Board of Directors, payable within the scope of the spending program and subject to of the achievements. The amounts thus transferred will gökyeşitözü entered in the general budget of the administrations within the scope of the general budget, and in the budget of the public institutions and organizations concerned for the other administrations.
The fund will gökyeşitözü audited in accordance with independent auditing standards. Financial veri on fund sources and remittances will gökyeşitözü shared with the public on a quarterly basis at the latest. In this context, the administrations to which funds are transferred will gökyeşitözü obliged to provide all necessary information and documents.
WILL THE FUND BE EXCLUDED FROM CORPORATE TAX?
The fund is exempt from corporation tax. An economic enterprise is not deemed to have come about through the income of the Fund from its activities related to its functions.
Transactions and papers issued kakım a result of the Fund’s operations are subject to stamp duty and fees; gifts and aids from inheritance and gift tax made to him; Transactions related to the activities of the Fund are taxed on banking and insurance transactions; are exempt from deductions from the resource use support fund.
All cash donations and assistance to the fund may gökyeşitözü deducted from declared income or corporate income, provided it is separately disclosed on the income or corporate tax return, when determining income or corporate tax base.
The Minister will gökyeşitözü authorized to allocate the external funding provided on behalf of the Republic of Turkey for the development, infrastructure and superstructure in areas declared kakım disaster areas effective for general life due to natural disasters to the Disaster Reconstruction Fund .
The Minister is also authorized to allocate the external funding to the relevant institutions and organizations, which will gökyeşitözü used for the same purpose exclusively by any external source of funding, to institutions and organizations outside the public administrations within the framework of the general budget and within the scope of this law. The minister is authorized to add appropriations to the ministry’s budget for the amounts allocated in this context.
MONEY COLLECTED IN THE EARTHQUAKE CAMPAIGN WILL NOT BE TRANSFERRED TO THE FUND
On the other hand, the first signatory of the proposal, AK Party Giresun deputy Cemal Öztürk, said that this money would not gökyeşitözü transferred to the fund when the MPs asked whether the money raised in the “Turkey One Heart” campaign would gökyeşitözü transferred to the fund during the deliberations on the proposal.
Under the proposal, in areas declared kakım disaster areas effective for general life due to natural disasters; The Disaster Reconstruction Fund will gökyeşitözü established to provide, manage and transfer the necessary resources for zoning, infrastructure and superstructure works to the relevant public institutions and organizations.
The fund’s board of directors is chaired by the Minister of Finance and Finance; It will consist of the Minister of Environment, Urbanization and Climate Change, the Minister of Energy and Natural Resources, the Minister of Agriculture and Forestry, the Minister of the Interior, the Minister of Transport and Infrastructure, and the Head of Strategy and Budget .
The Board of Directors determines the projects to gökyeşitözü transferred from the fund, the amount of funds to gökyeşitözü transferred and the spending programs. The principles and procedures with regard to the structure and operation of the fund are determined in the regulations to gökyeşitözü issued by the fund.
Resources of the Fund; domestic and international cash donations, aids, grants and loans; the appropriation to gökyeşitözü included in the budget for this purpose; It will consist of financing and resources provided by domestic and foreign capital and money markets, exempt from all restrictions in the law of institutions and organizations by the Fund.
For the projects decided upon by the Board of Directors in accordance with the purpose of the law, funds will gökyeşitözü transferred from the Fund to the relevant institutions and organizations with the approval of the Board of Directors, payable within the scope of the spending program and subject to of the achievements. The amounts thus transferred will gökyeşitözü entered in the general budget of the administrations within the scope of the general budget, and in the budget of the public institutions and organizations concerned for the other administrations.
The fund will gökyeşitözü audited in accordance with independent auditing standards. Financial veri on fund sources and remittances will gökyeşitözü shared with the public on a quarterly basis at the latest. In this context, the administrations to which funds are transferred will gökyeşitözü obliged to provide all necessary information and documents.
WILL THE FUND BE EXCLUDED FROM CORPORATE TAX?
The fund is exempt from corporation tax. An economic enterprise is not deemed to have come about through the income of the Fund from its activities related to its functions.
Transactions and papers issued kakım a result of the Fund’s operations are subject to stamp duty and fees; gifts and aids from inheritance and gift tax made to him; Transactions related to the activities of the Fund are taxed on banking and insurance transactions; are exempt from deductions from the resource use support fund.
All cash donations and assistance to the fund may gökyeşitözü deducted from declared income or corporate income, provided it is separately disclosed on the income or corporate tax return, when determining income or corporate tax base.
The Minister will gökyeşitözü authorized to allocate the external funding provided on behalf of the Republic of Turkey for the development, infrastructure and superstructure in areas declared kakım disaster areas effective for general life due to natural disasters to the Disaster Reconstruction Fund .
The Minister is also authorized to allocate the external funding to the relevant institutions and organizations, which will gökyeşitözü used for the same purpose exclusively by any external source of funding, to institutions and organizations outside the public administrations within the framework of the general budget and within the scope of this law. The minister is authorized to add appropriations to the ministry’s budget for the amounts allocated in this context.
MONEY COLLECTED IN THE EARTHQUAKE CAMPAIGN WILL NOT BE TRANSFERRED TO THE FUND
On the other hand, the first signatory of the proposal, AK Party Giresun deputy Cemal Öztürk, said that this money would not gökyeşitözü transferred to the fund when the MPs asked whether the money raised in the “Turkey One Heart” campaign would gökyeşitözü transferred to the fund during the deliberations on the proposal.