Taxpayers underreported 47 billion liras in tax base last year

The Ministry of Treasury and Finance's Tax Inspection Board (VDK) determined that 60,242 taxpayers audited last year underreported 47 billion liras in tax base across various tax types.

According to ministry data, the number of tax audits conducted by the VDK increased by 84.4 percent last year compared to the previous year, rising to 236,797.

The number of limited audits conducted by teams regarding specific tax types or taxation periods was 195,799. Full audit procedures, which covered multiple tax periods and numerous tax types, accounted for 40,998 of the inspections.

As a result of the tax audits conducted within the VDK, it was determined that 60,242 taxpayers underreported 47 billion 47 million 75 thousand 721 liras in tax base across different tax types last year.

During this period, the tax amount requested for assessment (tax receivable) for the audited taxpayers was calculated at 17 billion 452 million 475 thousand 513 liras, while the proposed penalty amount was 37 billion 220 million 156 thousand 577 liras.

While the highest tax base difference by tax type was identified in Value Added Tax (VAT), the base difference in this tax type exceeded 18 billion liras. A tax base difference of 7.4 billion liras was calculated for corporate tax, 6.9 billion liras for temporary corporate tax, and 5 billion liras for stamp duty.

As a result of the audits, VAT accounted for 67.2 percent of the 17.4 billion liras in requested tax assessments, followed by corporate tax at 10.9 percent, Special Consumption Tax (ÖTV) at 8.5 percent, and temporary corporate tax at 7.9 percent.

The results of the audits conducted by tax inspectors in 2023 by tax type are as follows (in liras):

* This amount will be cancelled, and late interest and tax loss penalties will be calculated over it.