Turkey’s Revenue Administration announced the publication of Tax Procedure Law Circular No. 173 of 29 August 2024. This extends the tax return submission and payment deadline for the income and corporate provisional tax returns for the second quarter (Q2) of 2024 to 13 September 2024. The deadline was initially extended to 27 August 2024, and subsequently moved to 6 September 2024.
Additionally, the Revenue Administration also announced the publication of Tax Procedure General Communiqué No. 563 in the Official Gazette on 31 August 2024. The Communiqué states that taxpayers with gross sales under TRY 50 million as of 31 December 2023, are exempt from making inflation adjustments for the second and third provisional tax periods in 2024. This exemption from inflation adjustments does not apply to taxpayers involved in purchasing, selling, and producing processed gold and silver, even if their gross sales fall below TRY 50 million.
