There will be no tax inflation adjustments in provisional tax periods in 2025
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.
The Ministry's decision was included in the Tax Procedure Law General Communiqué numbered 582, published in the Official Gazette on February 15, 2025..
Accordingly;
- Corporate taxpayers and income taxpayers who keep books according to the balance sheet principle will not make inflation adjustments (Tax Procedure Law Art. 298/A) in provisional tax periods in 2025,
- Taxpayers within the scope of inflation adjustment will make inflation adjustments when preparing their 2025 income or corporate tax returns at the end of the year.
- They will not include their balance sheets in their tax returns in the provisional tax periods of 2025,
- Taxpayers who are particularly engaged in the continuous purchase, sale and production of processed gold and silver will continue to make inflation adjustments in both provisional tax periods and annual income or corporate tax periods.
As it will be remembered, two panels titled “Is Inflation Adjustment Inflation Accounting?” were organized in 2024 hosted by our Ankara Chamber of Commerce and the scientific results presented by the most renowned experts on the subject in Turkey were shared with the public.
As a result of the panels, the President of Ankara Chamber of Commerce, Mr. Gürsel Baran, President of the Ankara Chamber of Commerce, expressed the views of the business world as follows “An additional tax on taxpayers due to the differences that will arise with inflation adjustment calculations is a situation that will damage tax justice. Ensuring the sustainability of the economy and tax revenues should be our priority and inflation adjustment should be evaluated as an accounting transaction and implemented as such, without causing any tax consequences.”
As stated by Mr. President Gürsel Baran, it would be appropriate to remove the inflation adjustment from the tax practice and ensure its application as an accounting standard through a regulation to be made in the Tax Procedure Law in the Grand National Assembly of Türkiye in the coming weeks.