- Starting October 2025, Turkey will enforce a stricter tax audit policy targeting high-risk sectors, electronic records, and VAT compliance. The policy, using AI and advanced risk analysis, will presume all detected irregularities as intentional, leading to severe penalties, including prison terms. Businesses must adopt proactive compliance, with strong internal controls and detailed transaction documentation. The policy emphasizes real-time monitoring and requires financial guarantees during audits. Professionals like CPAs will have expanded roles in educating clients and enhancing internal controls. Failure to comply could result in financial and criminal consequences.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Turkey"
- Turkey Updates Fuel Special Consumption Tax Rates
- Turkey Enables E-Document Issuance via New Generation Cash Registers
- Turkey Expands e-Archive Scope and Tightens ISO Compliance Rules
- Late Paid Reverse Charge VAT Deductible in Payment Period
- No VAT Deduction for Vehicle Purchased Under Simplified Taxation After Switching to Real Regime
