As of the end of 2023, those whose gross sales are below 50 million TL will not make an inflation adjustment.
It has been made mandatory by the published Tax Procedure Law Communiqué No. 563 that taxpayers who made inflation adjustment calculations and filed a return before 31.08.2024 must file a correction return.
Inflation adjustment calculations will not be deleted from the records, and the correction will only be made on the provisional tax return.
Taxpayers who did not make e.d. calculations before, did not record them and did not file a return will prepare and file their provisional tax returns as if there was no e.d. as in the old practice.
Source: Istanbul Chamber of Certified Public Accountants
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