Since 2021, with the decision made in 2023 to purify the financial statements with increasing inflation since 2021, the re -implementation of inflation accounting has started since 2024.
Inflation accounting is an accounting application that includes the correction of assets, obligations, income and expenses according to inflation effects in order to ensure the realization of financial statements in high inflation periods. In accordance with the provisions of the Tax Procedure Law, there may be a necessity to pay taxes for some taxpayers as a result of correction in practice.
In this regard, the inspection transactions for irregular and incorrect practices reflected in the Tax Audit Board Chairman (VDK) were initiated. The audits were reported to be for taxpayers who do not apply or abuse inflation accounting correctly.
Those who were not accepted were referred to the examination
In this context, the taxpayers who evaluated that the VDK Risk Analysis Center had faulty transactions were invited to explain the findings for inflation corrections.
As a result of the studies carried out in the explanation commissions, the taxpayers who admitted that they were in wrong or wrong implementation gave a new declaration.
Increased in inflation accounting application with these declarations, the tax base approached 13.5 billion pounds. Taxpayers whose explanations were not accepted in this process were referred to the examination.
In the first audit work carried out for inflation accounting, VDK, which found incorrect transactions, expanded its research.
The Board launched a second audit study aimed at taxpayers of different scales.
As a result of the audits, the difference in the base expected to be increased was calculated to be about 67 billion pounds.
In this audit process, the taxpayers will be invited to explain.
Thus, the difference between the base identified in the audit process has exceeded 80 billion pounds.
This amount is expected to increase further as a result of audits.
Taxpayers who do not apply and exploit inflation accounting correctly will also be examined.
“It is also important for taxpayer rights”
Treasury and Finance Minister Mehmet Şimşek stated that the aim of these inspections is not to collect taxes, but to ensure that inflation correction is applied in accordance with the proper application.
“Thanks to the program we carry out with determination in the fight against inflation, we have entered the disinfitation process. The financial statements must be purified from the effects of inflation, the taxpayers need to reflect the real financial situation. The taxpayers do not present their declarations correctly, the fact that we do not encounter the penalty transaction in the future. important.”
“The need for success in the disinflation process will eliminate the need for success”
Pointing out that the healthy presentation of financial data will create a transparent and reliable ground in terms of both enterprises itself and public finances, Şimşek said, “With the success of the disinflation process, such a correction need will be eliminated.” He said.
