The Turkish government has announced increased tax penalties effective from 1 January 2025, detailed in General Communiqué No. 577 and published in Official Gazette No. 32768 on 30 December 2024.
These adjustments are based on a 43.93% revaluation rate for the 2024 tax year.
For companies the penalty for first-degree irregularity has been raised to TRY 28,000, while the penalty for second-degree irregularity is now TRY 14,000.
Taxpayers who fail to issue required delivery notes or invoices will face escalating penalties based on the number of inspections conducted. The fines start at TRY 14,000 for the first inspection and increase progressively to TRY 28,000 for the second inspection, TRY 43,000 for the third, TRY 57,000 for the fourth, and TRY 70,000 for the fifth inspection. For the sixth and subsequent inspections, the penalty reaches TRY 140,000.
Additionally, a penalty for refusing to provide requested information has been set at TRY 28,000, while the renunciation from accrual penalty is TRY 280.
