Discount rate and conditions for tax penalties have been determined

Working to increase tax revenues and ensure the collection of debts, the Revenue Administration has prepared an informational brochure for taxpayers to pay their tax penalties at a discount.

According to a report by CNBC-e, the brochure contains detailed information regarding the penalties eligible for discounts, who they cover, discount rates, discounts during litigation processes, and the relationship between settlement processes and discounts.

Who is covered by the tax reduction?

Taxpayers or those responsible for tax payments who are subject to penalties can benefit from the penalty reduction application.

What is the tax reduction rate?

A 50 percent reduction will be applied for penalties applied for on time and provided that the relevant conditions are met. A 75 percent reduction will be applied for irregularity and special irregularity penalties not exceeding 23 thousand liras in 2024.

What are the conditions for benefiting from the penalty reduction?

According to the prepared brochure, the tax assessed and the penalty amount accrued after the reduction application must be paid within 1 month, or within 3 months from the end of the maturity date if collateral is provided. For the application, the penalty must not have been subject to a lawsuit.

Penalty reduction for those who withdraw their lawsuit

The brochure, which states that taxpayers who file a lawsuit will be eligible for a penalty reduction if they withdraw their case within the specified time, emphasizes that if a lawsuit is filed again after benefiting from the reduction, the reduction will be canceled.