The Ministry of Treasury determined that taxpayers underreported approximately 160 billion lira in tax base for the year 2024. As a result, it is anticipated that 80 billion lira in penalties will be imposed on thousands of businesses. The Tax Inspection Board of the Treasury and Ministry of Finance revealed last year that many businesses had underreported their tax base. According to data from the Tax Inspection Board, inspections conducted last year showed that 78,187 taxpayers from various sectors had underreported their tax base by 159.8 billion lira. In this context, tax inspections were carried out in sectors ranging from education to manufacturing, construction to culture and arts, information and communication to agriculture. MANUFACTURING IN THE LEAD The sector with the most significant discrepancy in tax base, approximately 43.9 billion lira, was manufacturing, followed by wholesale and retail trade, repair of motor vehicles and motorcycles with 43.3 billion lira. Subsequently, it was observed that taxpayers engaged in financial and insurance activities had underreported over 25.3 billion lira in tax base. Among the sectors where taxpayers underreported their tax base, construction came in fourth place with approximately 9.9 billion lira, and real estate activities were in fifth place with 6.2 billion lira. 80 BILLION LIRA PENALTY EXPECTED Last year, it is expected that taxpayers will face penalties exceeding 80.4 billion lira, with wholesale and retail trade, repair of motor vehicles and motorcycles ranking at the top compared to other sectors. The expected penalty amount for taxpayers in this sector exceeded 37.1 billion lira. Thus, the anticipated penalty for the sector represented nearly half of the total. The desired tax amount (tax receivable) for taxpayers in this sector also approached 15.8 billion lira. While a penalty of 18.6 billion lira was proposed in the manufacturing sector, the desired amount was 9 billion lira. In the construction sector, approximately 6.1 billion lira in penalties were suggested, and for financial and insurance activities, 4.8 billion lira in penalties were recommended, with the desired tax amounts recorded as 2.8 billion lira and 4.6 billion lira, respectively.