Circular 2025 – 069
Law No. 7571 Amending the Tax Procedure Law regarding the Non-Adjustment of Inflation for the Years 2025, 2026, and 2027 Has Been Published in the Official Gazette
The 34th article of Law No. 7571 on Amendments to the Turkish Penal Code, Certain Laws, and Decree-Law No. 631, published in the Official Gazette dated December 25, 2025, stipulates that financial statements will not be subject to inflation adjustments for the 2025 accounting period and the temporary tax periods, as well as for the 2026 and 2027 accounting periods, regardless of whether the conditions for inflation adjustment are met.
Those for whom a special accounting period is determined will not make inflation adjustments for accounting periods ending in 2026, 2027, and 2028.
This regulation will also be applied to taxpayers falling within the scope of article 33, paragraph four of the Tax Procedure Law (VUK).
Taxpayers exclusively and continuously engaged in the buying, selling, and manufacturing of processed gold and silver will continue to perform inflation adjustments (including provisional taxes) in the years 2025, 2026, and 2027, as in previous periods.
The article in question, which will enter into force on December 25, 2025, is as follows.
ARTICLE 34 - The following temporary article shall be added to Law No. 213 dated 1/4/1961, the Tax Procedure Law.
has been added.
“TEMPORARY ARTICLE 37- For the 2025 fiscal year, and for the 2026 and 2027 fiscal years, including temporary tax periods (for those appointed special fiscal years, this applies to fiscal years ending in 2026, 2027, and 2028), financial statements shall not be subject to inflation adjustment, regardless of whether the conditions for inflation adjustment within the scope of Article 298 bis are met. The President is authorized to extend the periods determined within the scope of this paragraph for up to three fiscal years, including temporary tax periods.
In terms of the application of the (Ç) clause of the repeated Article 298, the periods for which it is stated in the first paragraph that inflation adjustment will not be made (including the periods extended within the scope of authority) are considered periods in which the conditions for inflation adjustment are not met.
The provisions of this article shall also apply to taxpayers falling under the fourth paragraph of provisional article 33.
The provisions of the first and second paragraphs of this article, subject to paragraph (A) of the repeated article 298
is not valid for taxpayers falling under item (9).
The Ministry of Treasury and Finance is authorized to determine the procedures and principles regarding the implementation of this provision.”
You can access the said Law at the following link.
https://www.resmigazete.gov.tr/eskiler/2025/12/20251225-33.pdf
Sincerely
Türkçe 
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