20February2025
Inflation Adjustment Will Not Be Applied for 2025 Provisional Tax Periods
The General Communiqué on Tax Procedure Law (Serial No: 582) was published in the Official Gazette dated February 15, 2025 and numbered 32814.
In the Communiqué, the following arrangements have been made regarding inflation adjustment.
- Taxpayers within the scope will not make inflation adjustment in the first, second and third provisional tax periods of the 2025 accounting period.
- Company balance sheet will not be attached to the provisional tax and corporate income tax returns.
- All taxpayers within the scope, including taxpayers who have not made inflation adjustment in the provisional tax periods of the 2024 accounting period, will make inflation adjustment in the balance sheets of the end of the 2024 accounting period.
- Taxpayers exclusively engaged in the continuous purchase, sale and production of processed gold, silver jewellery will continue to make inflation adjustments, including the first, second and third provisional tax periods of the 2025 accounting period, since they are obliged to make inflation adjustments.
The Communiqué enters into force on the date of publication.
You can access the relevant circular here (In Turkish).
-
-
Notification!
