18.03.2025 16:21
The Revenue Administration (GİB) responded to claims in some media outlets and on social media that "the taxes of certain companies have been postponed." GİB stated that the Ministry of Treasury and Finance has not postponed or allowed installment payments for the tax debts of any company.
The Revenue Administration (GİB) stated regarding the claims in some media outlets that "the taxes of certain companies have been postponed," that "no tax debts of any company mentioned in the news have been postponed or installment plans have been made by our Ministry of Treasury and Finance."
In a statement made due to the misleading and public opinion-deceiving news and posts regarding the postponement of taxes of certain companies in some media outlets and social media recently, GİB emphasized that no tax debts of any company mentioned in the news have been postponed or installment plans have been made.
IT WAS SAID "TAX DEBTS WILL BE WAIVED"
In the statement referring to the news and posts made based on the financial statements disclosed by publicly traded companies, it was noted: "It was claimed that some companies belonging to the 10 richest people in Turkey had 18 billion lira, and 62 billion lira tax debts of 100 companies traded on the stock exchange were postponed. Some large companies were said to have paid no tax in 2024." Such comments were made with complete intent to create the perception that our Ministry is protecting certain taxpayers. It should be noted that no tax debts of any company mentioned in the news have been postponed or installment plans have been made by our Ministry of Treasury and Finance. The taxes claimed to be postponed in the relevant posts are related to accounts used within the framework of Turkish Accounting Standards, showing the tax liabilities of companies that extend to future periods, and do not mean that tax debts have been postponed.
“LOOKING ONLY AT ACCOUNT BALANCES WOULD BE MISLEADING”
In the statement, it was reported that companies subject to corporate tax in Turkey are obliged to keep books and prepare financial statements in accordance with the Tax Procedure Law (VUK), and it was also mentioned that independent audit companies prepare their financial statements in accordance with the Turkey Accounting Standards published by the Public Oversight Accounting and Auditing Standards Authority in compliance with international rules and disclose them to the public within the framework of the Capital Markets Law and relevant legislation.
According to the relevant standard, it was stated that there are two types of accounts in the financial statements, "deferred tax liabilities/deferred tax assets," and that tax liabilities and rights extending to future periods are accounted for in these accounts. It was emphasized that making news and posts claiming that companies' tax debts have been postponed by only looking at account balances without having sufficient accounting knowledge is extremely wrong and misleading.