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05. Tax Law
Tax Audit & Tax Penalties
Tax audits are legal procedures conducted to verify the accuracy of income and expenses declared by taxpayers. These audits play a critical role in ensuring that taxpayers comply with tax laws. Tax penalties are sanctions imposed on taxpayers who violate their tax obligations. Penalties resulting from audits are usually in the form of fines, interest, and additional liabilities.
Statistics:
As of 2023, the penalty rate imposed as a result of tax audits in Türkiye has increased by 20%. However, as a result of the inspections carried out within the scope of the fight against tax evasion, a 7% increase in tax revenues has been achieved.
Important Subheadings:
Tax Audit Process: Auditing taxpayers and correcting detected errors.
Tax Criminal Proceedings: Criminal cases and taxpayers' rights.
Tax Refunds and Exemptions
Tax refunds allow taxpayers to get back some of the taxes they have paid. Tax refund processes are quite common, especially in VAT and import duties, and are used in cases where taxpayers have overpaid. Tax exemptions are the exclusion of tax on certain income or expenses, which can provide significant tax advantages for companies.
Statistics:
15% of VAT refund requests in Türkiye come from businesses doing international trade. In addition, 40% of businesses benefiting from tax exemptions operate in high-tech sectors.
Important Subheadings:
VAT Refund Requests: Refund procedures and taxpayer rights.
Tax Exemptions: Investment incentives and sector-based practices.
