6 Aralık 2024 , Cuma
Duyurular

What are the Taxes and Tax Penalties to be Faced by the Person Who Trades Without Opening at the Tax Office?

As of 1/4/2025, Mr. (B) engaged in commercial activities without establishing a tax obligation. Based on an inspection conducted on 14/4/2025, Çankaya Tax Office Directorate retroactively established a tax obligation as of 1/4/2025 on 17/4/2025. The taxpayer filed the Withholding and Premium Service declaration for the period of 2025/4, in which the inspection date fell, after the legal deadline, resulting in an assessed tax of 50,000 TL based on this declaration. Accordingly, since the 2025/4 Withholding and Premium Service declaration filed after the legal deadline pertains to the period in which the taxpayer’s tax obligation was established, or in other words, as the taxpayer began operating under registration within this period, the tax loss penalty will not be applied with a 50% increase. Therefore, a tax loss penalty of 25,000 TL (50,000 TL x 0.5) will be imposed on the taxpayer for filing the 2025/4 Withholding and Premium Service declaration after the legal deadline. 1) Article 11 of Law No. 7524 amended Article 353 of Law No. 213, which regulates special irregularity penalties, to add Table (2) below. This amendment stipulates that special irregularity penalties will be applied in increasing amounts for each determination. Table 2 Determination Number Penalty Amount for Clause (1) of the First Paragraph of Article 353 (Minimum-TL) Penalty Amount for Clause (2) of the First Paragraph of Article 353 (TL) 2nd Determination 20,000 20,000 3rd Determination 30,000 30,000 4th Determination 40,000 40,000 5th Determination 50,000 50,000 6th and Subsequent Determinations 100,000 100,000 Source: Revenue Administration : https://www.gib.gov.tr/node/178463 Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.