The economic administration has announced a new roadmap for taxes. Accordingly, the results of the tax regulation enacted in the previous period will be examined. The impacts of tax regulations on the budget will be measured. During this process, no new tax regulations will be introduced. While expectations for a new tax regulation in the economy are increasing, consecutive statements have been made by the government. Minister of Treasury and Finance, Mehmet Şimşek, stated that there are no plans to introduce additional taxes in the US. Vice President Cevdet Yılmaz also mentioned that taxes on stocks and cryptocurrencies are no longer on the agenda.
Will new taxes be imposed? Minister Şimşek sends a message in the US According to the news of Economy Newspaper, the government’s tax roadmap has been revealed. Firstly, the results of the tax regulation that came into effect in August will be examined. The impacts of the implemented regulations on the budget will be measured. Simultaneously, the effects of combating informal economy will be observed. The adjustments foreseen in the Medium-Term Program (OVP) will strengthen these efforts. Steps will be taken to establish a compliance process regarding tax paying habits in the system. During this process, new tax regulations will be put on hold, and existing regulations and practices will be closely monitored. By identifying major items, a decision will be made whether a new tax law is needed. With the tax package that came into effect in August, the corporate tax rate for taxpayers was set at 10 percent. Companies with a 20 percent discrepancy between their declared income and revenue will be called for explanation. The tax rate for multinational companies has been set at 15 percent. The corporate tax rate for Build-Operate-Transfer model projects has been increased from 25 percent to 30 percent.