07.02.2025 12:20
The Ministry of Finance has initiated a comprehensive audit process to compare the income declared by businesses with their actual earnings. Tax inspectors are sitting in the cash registers of businesses, primarily restaurants and eateries, to determine their daily revenues. If there is a discrepancy exceeding 20% between the declared income and the calculated earnings, the provisions for remorse will be invalid.
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The Ministry of Finance has initiated a comprehensive audit process to compare the income declared by businesses with their actual earnings. As of January 1, 2025, under this application, tax inspectors are sitting in the cash registers of businesses, especially restaurants and cafes, to determine their daily revenues. If there is a difference exceeding 20% between the declared income and the calculated earnings, businesses will be invited to explain, and they will not be able to benefit from the remorse provisions.
STRICT AUDIT ON THE FOOD AND BEVERAGE SECTOR
It is reported that the finance teams have started their field audits first with businesses in the food and beverage sector, such as restaurants, cafes, and eateries. While monitoring the daily revenues of businesses, the audit personnel are also examining Z reports to make comparisons with income declarations.
DETAILS OF THE 20% DIFFERENCE
The Revenue Administration (GİB) announced through a directive sent to the tax offices of 81 provinces that an intensive audit process will be conducted between February 3 and July 31, 2025.
In this context, businesses will be audited a total of 12 times a year, three times within a month. Monthly and annual income will be calculated based on the daily revenue determinations. If a difference exceeding 20% is detected between the declared income and the actual income calculated, businesses will be invited to explain.
FOLLOWING TAXES TO THE LAST COIN
Tax experts state that businesses invited to explain will not be able to benefit from the 'remorse' provisions and that late interest will be applied for penalties. The ministry emphasizes that this application is an important step in combating the informal economy and calls on businesses to fulfill their tax obligations completely.
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