Tax laws

Regulations made in tax laws with Law No. 7417 – Tax Authorities

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Some regulations have been made on some tax laws with the Law No. 7417 (In Turkish) and Law n°: 375 published in the Official Gazette of 05.07.2022 and numbered 31887.

The summary of the settlement is as follows:

1. AATUHK Regulation No. 6183 (Public Debt Collection Law)

With the change made in Law No. 6183 (Turkish) Indefinite Letters of Guarantee, which are accepted as collateral and given by banks, should also be unconditional.

In addition to bank letters of guarantee, indefinite and unconditional surety bonds given by insurance companies will also be accepted as letters of guarantee.

The regulation entered into force on 05.07.2022.

2. Amendment to Law No. 4760 on Special Consumption Tax (In Turkey)

For the Special Consumption Tax on electric vehicles; if the engine power does not exceed 160 KW and the SCT base does not exceed TRY 700,000, the tax rate would be 10%. If the engine power exceeds 160 KW and the SCT tax base does not exceed TRY 750,000, the tax rate would be 50%. For others, the rate would be 60%.

The regulation entered into force on 05.07.2022.

3. Amendments to Turkish Commercial Law No. 6102

The period for filing a complaint has been extended to 30 days in the event of loss of books and documents.

The regulation entered into force on 05.07.2022.

4. Amendments to Corporation Tax Law No. 5520 (In Turkey)

  1. The discount on capital increase in cash is limited to 5 accounting periods.

The right to benefit indefinitely from the reduction due to the capital increase in cash has been limited to 5 accounting years beginning with the capital increase decision or the accounting year during which the main contract was registered at the of the original constitution.

In the event of a capital reduction during the periods concerned, the amount of the reduced capital would not be taken into account in the calculation of the discount.

In addition, capital increases prior to 07.05.2022 would also be limited to 5 years from 2022.

The regulation entered into force on 05.07.2022.

  1. Revised corporate tax rate for financial institutions

The corporate tax rate of financial institutions (banks, electronic and monetary payment institutions, authorized foreign exchange institutions, portfolio management companies, capital market institutions, insurance and reinsurance companies and pension companies) would be 25% over 2023 and subsequent periods.

  1. The tax amnesty arrangement for the assets has been concluded
    • There are two methods: informative notification and declaration.

    • Information on foreign assets should be provided to banks in Turkey in order to benefit from these regulations. It is not necessary to submit a tax return to the tax office.

    • For local assets, a tax return will need to be submitted to the tax office.

    • The deadline for these submissions is 31.03.2023.

    • For foreign assets, cash, gold, foreign currencies, movable assets and other capital market instruments would be subject to these regulations.

    • Foreign real estate would not be subject to these regulations.

    • It would not be necessary to be a taxpaying company or taxpayer to declare the assets in Turkey.

    • No retroactive changes would be made after the reporting deadline.

The regulation entered into force on 05.07.2022.

5. Amendments to Tax Procedure Law No. 213

  1. An authorization regulation has been established regarding the notification of the beneficial owner and a penalty regulation for irregularity has been established in case of violation of these regulations.

    The penalty for irregularity would be 3 times the amount located on Tax procedure law (In Turkish) article 355/1 (10,200 TRY for 2022).

    The regulation entered into force on 01.08.2022.


  2. Changes have been made to penalties for irregularity

    In the event of non-delivery or receipt of invoices and similar documents and non-compliance with other provisions of form and procedure, the penalties for irregularity (minimum and maximum levels) have been increased.














Amounts that have been defined for 2022 with General Notice No. 534 of the Tax Procedure Law

Amounts defined on 08.01.2022 with Law No. 7417

1 – In the event of non-issuance or non-receipt of invoices, expense report, receipt from the producer, self-employment invoice, including documents issued electronically, and presenting the different values ​​on the documents other than the real , and issuing the documents in paper format that were supposed to be issued electronically, whereas these documents were never issued in the first place 500 1,000
– The total fine to be issued for each type of document during the calendar year 250,000 500,000
2 – In the event of non-issuance, retention or use of the retail receipt, cash register receipt, entry and passenger tickets, delivery note, waybill, list of passengers, the daily list of customers and the documents required by the Ministry of Treasury and Finance, including documents issued electronically, and showing the various values ​​on the documents other than the actual misrepresentation of these documents, and issuing the documents in paper format that were supposed to be issued electronically, therefore considering that these documents were never issued in the first place 500 1.000
– The total fine to be issued for each document detection of each type during the calendar year 25,000 50,000
– The total fine to be issued for each type of document during the calendar year 250,000 500,000

The regulation entered into force on 01.08.2022.

You can access the corresponding Official Journal via this link. (In Turkey)

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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