Finance Ministry
Tax return submssion deadline extended
The National Economy and Finance Ministry announced late on Thursday the extension by one to two weeks of the deadlne for the uploading of tax returns for last year's incomes.
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Big spenders on tax authorities’ radar
The Finance Ministry's Tax Inspection Board is keeping a close eye on those who spend lavishly but pay little or no tax.
Some 800 people, who spend more than 5 million Turkish Liras a month, spend money on luxury items and own luxury cars, have already been put on the board's radar.
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Mali: US companies welcome at EXPO 2027
BELGRADE - Serbian First Deputy PM and Finance Minister Sinisa Mali met with US Ambassador to Belgrade Christopher Hill on Friday to discuss participation of US companies at the specialised EXPO 2027, to be hosted by Belgrade, and noted that the event was a big opportunity for all companies and that US firms were welcome, too.
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Airbnb: One million beds rented out, changes to measures coming from September
The urgent need to address the acute problem of homelessness is driving the government’s decisions from September onwards. The primary goal is to free up homes from Airbnb and incentivize long-term rentals to help young couples struggling to find accommodation.
Cash budget posts 431 billion Turkish Liras deficit in June
The Treasury's cash budget ran a deficit of 431 billion Turkish Liras ($13.2 billion) in June after producing a surplus of 235 billion in the previous month.
This year, the cash budget ran a surplus only in May, posting deficits in the other five months, according to data from the Treasury and Finance Ministry.
‘Better off without checks’
One in two freelance professionals who have already submitted their return are taxed based on the minimum presumptive income.
Few of them have questioned the new way of taxation, in order to avoid the inspection by the tax office which not only reaches back five years, but also checks other accounts, even those of their relatives.
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Fenerbahçe legend honored with commemorative coin
The Treasure and Finance Ministry has initiated the printing of a commemorative coin in memory of Lefter Küçükandonyadis, one of the legendary players of Turkish football giant Fenerbahçe, marking the first such incident for a football player.
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Stamp duty to end for many
An Economy and Finance Ministry bill provides for the abolition of stamp duty on some 600 types of transactions and its replacement by the the online transaction fee for 29 transactions. The abolition of the stamp duty will benefit citizens by 32 million euros per year, from the €386 million the state collects in this way.
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Plans for higher short-term rental income tax and cap on days
The government is considering a series of measures in order to increase the supply of properties for long-term rental, including higher taxes and interventions to contain short-term rentals and the number of vacant houses.
Fiscal leeway question mark
Is the leeway the European Commission has given to Greece to increase public spending by 3 billion euros per year enough to cover the new support measures that will be included in 2025 budget?
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