- Amendment of Tax Procedure Law: The Ministry of Treasury and Finance has issued a General Communiqué to amend Decree No. 213 of the Tax Procedure Law, effective January 1, 2025, to adjust valuation rates and fines.
- Increased Valuation Rate: The valuation rate for determining rates and amounts under various articles of the law has been increased by 43.93% for the year 2024, impacting the application of fines and limits.
- Presidential Authority: The President is granted the authority to adjust the determined limits and amounts, allowing for potential increases or decreases and maintaining flexibility in the application of the tax regulations.
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