The Ministry of Treasury and Finance, using the authority granted to it by the Tax Procedure Law, decided that inflation adjustments will not be applied in provisional tax periods in 2025.
Expat is a term generally used to describe white-collar foreign workers. In recent years, there has been a significant increase in the number of individuals working outside their home country. This increase, as a reflection of global labour mobility, has caused tax and social security practices to become more complex in the case of expatriates.
Today, the crime of money laundering is becoming more widespread and complex due to technological developments. This has made it imperative for supervisors to come up with effective solutions to combat money laundering on an international scale.
The “FATF Travel Rule” is an update of FATF’s Recommendation 16. FATF‘s Recommendation 16, aims to prevent the laundering of proceeds of crime and the financing of terrorism by ensuring accurate and complete sender and recipient information in electronic transfers and this recommendation implemented in three cases:
We can define financial crimes as criminal activities based on the misuse or abuse of financial systems. With the development of technology, financial crimes have become a major problem in the global world and the revenues obtained from these crimes correspond to a very large proportion of the global GDP.
The Revenue Administration of the Ministry of Treasury and Finance, with the General Communiqué of the Tax Procedure Law No. 563, decided that taxpayers whose gross sales are below 50 million liras as of 31 December 2023 will not make inflation adjustments as of provisional tax terms.
According to the statements made by the Minister of Treasury and Finance Mehmet Şimşek, the Global Minimum Corporate Tax will be among the tax regulations that will soon be submitted to the Grand National Assembly of Türkiye.
In recent years, there has been an important agenda in Türkiye: To ensure that Türkiye becomes one of the preferred countries for health tourism.
Our co-founder Nazmi Karyağdı participated as a speaker in the session titled "Winning and Losing with Law" at the 14th Bosphorus Summit held in Istanbul.
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