The Revenue Administration denied allegations that some companies’ taxes were postponed. The statement used the phrase, “No company’s tax debt has been postponed or rescheduled.”

The Revenue Administration made a statement regarding the allegations in some media outlets that “some companies’ taxes were postponed.” Pointing to news and posts based on financial statements disclosed to the public by publicly traded companies, the statement recorded the following: “‘Some of the largest 10 companies owned by Turkey’s wealthiest individuals had 18 billion lira in tax debt postponed, while 100 companies traded on the stock exchange had 62 billion lira in tax debt postponed. Some major companies did not pay a single penny in taxes in 2024,’ completely intentional comments were made in an attempt to create the perception that our Ministry was protecting certain taxpayers.

It must first be emphasized that none of the companies mentioned in the news have had their tax debts postponed or rescheduled by our Ministry of Treasury and Finance.

The taxes that are claimed to have been postponed and are the subject of these posts relate to accounts used within the framework of Turkish Accounting Standards, indicating companies’ future tax obligations that permeate into subsequent periods, which does not imply that tax debts have been postponed.”

WARNING ON ACCOUNT BALANCES: The statement noted that companies subject to corporate income tax obligations in Turkey are required to keep books according to the Tax Procedure Law and prepare their financial statements to make declarations, and besides this, it was mentioned that independent audit companies in compliance with international rules publish their financial statements according to Turkish Accounting Standards and disclose them to the public within the framework of the Capital Markets Law and relevant regulations. According to the relevant standard, the statement pointed out that financial statements include two types of accounts as “deferred tax liabilities/deferred tax assets,” where future tax obligations and rights are accounted for, and emphasized that making news and posts claiming that companies’ tax debts have been postponed based solely on account balances without having sufficient accounting knowledge is extremely incorrect and misleading.