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24.11.2024

Revaluation Rate Determined as 122.93%

According to paragraph (B) of the repealed Article 298 of the Tax Procedure Law, the revaluation rate is the average price increase rate in the Domestic Producer Price Index of the Turkish Statistical Institute for the same period of the previous year, calculated for the month of October (inclusive) of the year in which revaluation is made.

With the General Communiqué on the Tax Procedure Law No. 542, published in the Official Gazette No. 32023 on November 24, 2022, the revaluation rate for the year 2022 has been set at 122.93%.

The revaluation rate is used in determining many fixed limits and amounts related to taxes and fines.

You can access the relevant Presidential Decree here.

Best regards,

BİLGENER

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