The tax package prepared by the Ministry of Treasury and Finance includes various regulations for the purpose of tax justice and combating informality. Some important adjustments included in the package are:
Increase in Irregularity and Special Irregularity Penalties
The tax package envisages an increase in irregularity and special irregularity penalties. It is planned to increase the penalties in cases such as not giving or receiving invoices, and to impose higher penalties in cases of repetition.
Removal of VAT Exemption for Printed Books and Periodicals
In the tax package prepared by the Ministry of Treasury and Finance, it is envisaged that the VAT exemption applied to the delivery of printed books and periodicals will be abolished. This regulation aims to increase tax revenues.
Regulations Regarding Unregistered Employers and Bankruptcies
According to the package, tax loss penalties will be applied incrementally in unregistered activities and regulations regarding bankruptcies will be made. It is aimed to ensure the security of collection of public receivables and to prevent disputes.
Removal of VAT Exemption for Feed and Fertilizer Deliveries
In the tax package, it is recommended to remove the VAT exemption applied to feed and fertilizer deliveries. This aims to increase tax revenues in the agricultural sector and combat the informal economy.
