BDO Denet Monthly Report - March 2025

February 2025 Financial Agenda

One of the important topics on our tax agenda in March is the submission of income tax returns for the year 2024. Unless there is a postponement, income tax returns must be submitted by April 2, the first installment of the accrued taxes must be paid by April 2, and the second installment must be paid by the end of July.

Undoubtedly, the most significant topic on our 2024 agenda was inflation adjustment. As is known, the application of inflation adjustment ends if the increase in the relevant price index (PPI - Producer Price Index) is less than 100% in the last three accounting periods, including the current period, and less than 10% in the current accounting period. Additionally, the Ministry of Treasury and Finance is authorized to determine whether inflation adjustments will be applied to financial statements based on taxpayer or professional groups or the total assets or turnovers of taxpayers and whether they will be adjusted