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What is regarded as Warrant in Deferment and Installment of SSI Premium Debts in Turkey?

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1- WHAT IS REGARDED AS WARRANT IN DEFERMENT AND INSTALLMENT OF SSI PREMIUM DEBTS?
Followings are regarded as warrant in deferment and installment of SSI premium debts;
1.1- Money,
1.2- Bank letter of guarantee,
1.3- Government debt security or documents prepared instead of these securities which are issued by Undersecretariat of Treasury,
1.4- Properties introduced by the debtor or the third parties on behalf of the debtor (In case of sequestration, it will be take the place of in the amount of seized property.)

Unless aforesaid documents and properties are introduced as warrant, a confidential person can be introduced as a warranter in the capacity of joint warrantor and joint debtor on condition that it is accepted by Social Security Institution.

2- HOW SHOULD BE MADE THE VALUATION OF PROPERTIES INTRODUCED AS WARRANT?
Valuation of properties should be made with;
2.1- Reports prepared by technical employees,
2.2- Reports prepared by assessment centers or valuation experts given the authority within the scope of Capital Market Legislation,
2.3- Reports prepared by persons given the authority of expertness and arbitration by Chambers of Commerce, Industry, Shipping and Chambers of Turkish Engineers and Architects or related administrations,
2.4- Reports prepared by banks and insurance companies and related to valuation,
2.5- Reports prepared by experts appointed by Civil Courts.

Source: SSI

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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