Amendments to Regulation on the Conciliation Before Assessment
Through the promulgation of the Regulation on Amendment to Regulation on the Conciliation Before Assessment (“Regulation”), published in the Official Gazette dated 7th April 2021 and No. 31447, amendments have been made regarding conciliation before assessment.
As it will be remembered, through the Law No. 7103 published in the Official Gazette dated 27th March 2018, irregularity and special irregularity penalties were excluded from the scope of conciliation before assessment. In parallel with the amendment, Through the Regulation, irregularity and special irregularity penalties have been also excluded from the scope of the Regulation on the Conciliation Before Assessment.
Besides, as per the Regulation, taxpayers benefiting from the reconciliation procedure cannot benefit from the deduction applied at the rate of half of the tax penalty by stating that the taxes and penalties will be paid within 1 month (3 months if a guarantee is provided) in terms of the Article 376/1(1).
You may find the full text of the Regulation here.
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