The Revenue Administration denied allegations that the taxes of some companies had been postponed. The statement used the expression, “No company’s tax debt has been postponed or rescheduled.”

The Revenue Administration made a statement regarding the allegations in some media outlets that “taxes of some companies have been postponed”. Referring to news and posts made based on the financial statements disclosed to the public by publicly traded companies, the statement pointed out the following: “Completely deliberate comments such as ‘tax debts of some companies owned by Turkey’s top 10 wealthiest individuals were postponed by 18 billion lira, and the tax debt of 100 companies traded on the stock market was postponed by 62 billion lira. Some giant companies did not pay a penny in taxes in 2024,’ were made in an attempt to create the perception that our Ministry is protecting some taxpayers.

First and foremost, it should be noted that no company mentioned in the news by the Treasury and Finance Ministry has postponed or rescheduled tax debts.

The alleged postponed taxes that were the subject of these posts relate to accounts used within the framework of Turkey Accounting Standards, indicating obligations of companies that will be carried over to future periods and do not imply that tax debts have been postponed.”

WARNING ABOUT ACCOUNT BALANCES Turkish companies that are subject to corporate income tax are obliged to keep books according to the Tax Procedure Law (VUK) and prepare financial statements to make declarations, as stated in the announcement, in addition to this, it was mentioned that companies subject to independent audit prepare their financial statements according to Turkey Accounting Standards published in compliance with international rules by the Public Oversight, Accounting and Auditing Standards Authority, and disclose them to the public within the framework of the Capital Markets Law and relevant legislation. According to the relevant standard, the announcement stated that two account types, “deferred tax liabilities/deferred tax assets,” are included in the financial statements, and it was emphasized that only looking at account balances without having sufficient accounting knowledge and making news and posts stating that companies’ tax debts have been deferred is highly inaccurate and misleading.