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Payment in instalments possible However, the amounts for the increased tax bases by
corporate taxpayers for the concerning years cannot be less
Taxpayers have an opportunity to pay the restructured debt than the amounts provided in the table below;
amount in instalments. For this, payment options referring to
6, 9, 12 or 18 equal instalments should be preferred during for the year 2013 TL 36,190
the application. In that occasion the amount that should be
paid will be multiplied by the coefficients provided below for the year 2014 TL 38,323
and the amount reached will be divided to the number of for the year 2015 TL 40,701
instalments to find out the instalment amount to be paid;
for the year 2016 TL 43,260
• for 6 equal instalments (1.045), for the year 2017 TL 49,037
• for 9 equal instalments (1.083),
• for 12 equal instalments (1.105), The increased tax bases will be taxed at a rate of 20 %.
• for 18 equal instalments (1.15), However, in the circumstance that the taxpayers are meeting
In the circumstance that payment in instalments is preferred, the terms indicated in the regulation, their increased tax
the first one should be paid until the end of 4th month bases will be taxed at 15 % instead of 20 %.
following the law’s publication date. Accordingly, the first
instalment for the restructured tax debts should be paid until In case the corporate taxpayers increase the tax bases that
October 1 at the latest. Other instalments will be paid by they declared, the taxes paid by them previously through
skipping one month. withholding cannot be deducted from the taxes calculated
over the increased tax bases.
Advance payment more advantageous
On the other side, 50 % of the losses (if any) concerning the
The restructured debt may be paid in advance as well.
If this option is preferred, the whole payment should be years in which the corporate taxpayers increased tax base
made within the first instalment period, in other words until would not be deducted from the profits of following years. In
October 1. On that occasion, an additional monthly 90% other words, those losses will become invalid.
reduction is also applied over the domestic PPI difference.
If the whole restructured debt is paid within the first two According to the regulation; for the taxpayers declaring
instalments period, namely until 30 November, the rate of the VAT to be determined for the concerning years as tax
reduction applied over domestic PPI difference will decrease increase; VAT inspection and assessment will not be handled
to 50%. regarding the taxation periods containing the years for which
the aforementioned tax is confirmed to be paid.
This is the updated version of the article published in the
Ekonomist magazine’s issue 2018/18 dated 06.05.2018. It is mandatory for the VAT taxpayers to make increase
for the whole taxation periods (namely months) of the
concerning year taken as basis for increase.
Tax base and tax increase
once more Pertaining to that; the VAT taxpayers will be able to benefit
from the terms of tax increase if they accept to pay the VAT
calculated not less than the rates in the table provided below
One of the most remarkable parts of the Law no.7143 over
enacted following its publication in the Official Gazette dated
18 May 2018 is the one referring to the tax base and tax for the year 2013 3.5%
increase. for the year 2014 3.0%

Income and corporate taxpayers liable for submitting annual for the year 2015 2.5%
income or corporate tax returns and VAT taxpayers will be for the year 2016 2.0%
able to benefit from tax base and tax increase.
for the year 2017 1.5%
The tax bases of corporate taxpayers declaring taxable
corporate income (tax base) on the corporate tax returns the annual total amount existing in the lines for the “Value
they submitted referring to 2013, 2014, 2015, 2016 and Added Tax” of VAT returns no.1 submitted concerning each
2017; taxation period within the related years, as proposed by the
Law.
for the year 2013 35%
for the year 2014 30% The VAT to be paid cannot be considered as expense or cost
item during the detection of income or corporate tax bases;
for the year 2015 25% deducted from the VAT that should be paid or made subject
for the year 2016 20% to any sort of refund.

for the year 2017 15%
should not be less than the rates provided above for the This is the updated version of the article published in the
concerning years. Ekonomist magazine’s issue 2018/19 dated 13.05.2018.

Haziran 2018 Haziran 2018 13