Turkey Implements Increased Tax Penalties Starting January 1, 2025

Turkey has increased tax penalties starting January 1, 2025, as outlined in General Communiqué No. 577, with rates adjusted to a revaluation rate of 43.93% for the 2024 tax year. Key changes include higher fines for irregularities, escalating penalties for repeated non-compliance with invoice and delivery note requirements, and additional fines for withholding requested information.