The Tax Administration, based on Article 30, “Advance Payments,” paragraph 5 of Law no. 8438, dated 28.12.1998 “On Income Tax,” as amended, and Chapter 3.13, “Advance Payments,” paragraph 3.13.4, letter c, “Upward Correction of Monthly Advance Profit Tax Installments,” informs taxpayers that it is revising the advance profit tax installments for the period November-December 2018.
The review process is carried out based on economic activity data declared by the taxpayer through VAT returns. The Tax Administration also considers data from third parties that have not been declared by the taxpayer.
This process, common in the work of the Tax Administration, aims to bring taxpayers' economic and fiscal performance to satisfactory levels.
It is also carried out to help taxpayers balance their Income Tax payments at the end of the annual financial statement closing, and to avoid liquidity problems.
The Tax Administration remains committed to accurately informing taxpayers about their rights and obligations and encourages them to voluntarily fulfill their tax obligations.