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The revaluation rate for 2024 has been set at 43.93%.
The revaluation rate for 2024 has been set at 43.93%.

27.11.2024 09:21

With the announcement published by the Revenue Administration of the Ministry of Treasury and Finance, the revaluation rate for the year 2024 has been determined to be 43.93%. With the announcement of this rate in accordance with the Tax Procedure Law, an increase in tax, fee, and penalty amounts is anticipated. The revaluation rate had previously been announced as 58.46% for the year 2024.

The revaluation rate has been determined as 43.93% for 2024. The General Communiqué of the Tax Procedure Law prepared by the Revenue Administration of the Ministry of Treasury and Finance has been published in the Official Gazette.

CPI HAS HAD AN IMPACT

In the communiqué, it was stated that according to the Tax Procedure Law, the revaluation rate is the average price increase rate in the Domestic Producer Price Index of the Turkish Statistical Institute for the same period of the previous year in October of the year in which the revaluation will be made (including October), and this rate must be announced by the Ministry in the Official Gazette.

In this context, it was noted that the revaluation rate has been set at 43.93% for the year 2024. It was reported that previous communiqués published on this matter are still in effect.

A NEW RATE WILL NOW BE VALID FOR INCREASES

In various laws related to taxes and fees, it is anticipated that the amounts of taxes, fees, and penalties will increase each year by the revaluation rate.


 
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