The expert explained the taxes that will be implemented in the new year item by item.

One of the most talked-about topics for the new year is tax. We asked an expert about the tax practices that will apply to almost all items.

Prof. Dr. Nuri Semih Öz, a faculty member at Ankara University, was a guest of presenter Abdurrahman Yazıcı on Haberler.com. Pointing out some tax regulations for the year 2025, Prof. Dr. stated that contrary to popular belief, there will not only be an increase in tax rates, but also additional taxes will come into effect. In his explanation of the income and expenditure table in the 2025 Budget Law, Prof. Dr. Nuri Semih Öz continued as follows:

Generally, when we look at the macroeconomic picture in Turkey, we see that Turkey is fighting inflation. Therefore, while the state collects taxes, it is trying to finance public expenditures on one hand and combat inflation on the other. Thus, the tax system in Turkey in 2025 is based on these two objectives.

As in previous periods in Turkey, indirect taxes such as value-added tax or special consumption tax will again take priority and hold a significant share. However, it should be noted that approximately 11 trillion lira of the 12.8 trillion lira of public revenues will be collected from taxes, as the state also has non-tax revenues. These include the recently declining privatization revenues and the revenues from the sale of state real estate or similar sales.

WHAT AWAITS US IN TAXES IN 2025?

Many taxes in the Tax Law will increase based on the revaluation rate. For example, we can show the Motor Vehicle Tax as an example. These will increase by up to 43.93%. Property taxes will increase, but property taxes are increasing at half the rate of the revaluation rate. An increase is expected in stamp tax, fees, passport fees, and related taxes. Additionally, an increase in tax penalties is anticipated. In 2024, they significantly increased tax penalties. For example, if a person does not take a receipt when making a purchase individually, the penalty was 5,000 lira, which will also increase by 43.93%.

"THERE ARE TWO TYPES OF INCREASE IN TAXES"

This is an increase resulting from the revaluation, but on the other hand, new taxes are also coming. One of them is the minimum corporate tax regulation for corporate taxpayers. Additionally, there has been an increase in some taxes recently. For example, there was an increase in taxes on deposit interest income. On one hand, there are new taxes coming in, and on the other hand, there is an increase according to the revaluation rate.