NO INFLATION ADJUSTMENT IN 2025, 2026 AND 2027

Article 34 of Law No. 7571, published in the Official Gazette No. 33118 dated 25.12.2025, added "Provisional Article 37" to the Tax Procedure Law, stipulating that financial statements will not be subject to inflation adjustment in the 2025 fiscal period and in the 2026 and 2027 fiscal periods (including provisional tax periods).

For taxpayers with a special fiscal period, inflation adjustment will not be applied for periods ending in 2026, 2027 and 2028.

The President has also been authorised to extend the periods during which inflation adjustment will not be made by up to three fiscal periods.

For the periods specified as not subject to inflation adjustment, taxpayers who so wish may revalue the depreciable fixed assets included in their balance sheets and the accumulated depreciation shown on the liabilities side of their balance sheets. (TPL Art. 298/Ç)

The inflation adjustment exemption also applies to banks, financial leasing and factoring companies, payment and electronic money institutions, authorised currency exchange offices, asset management companies, capital market institutions, insurance and reinsurance companies, pension companies, companies in liquidation or bankruptcy, and state economic enterprises under Decree-Law No. 233.

Taxpayers engaged exclusively and continuously in the buying/selling and manufacturing of processed gold and silver will continue to perform inflation adjustment.

The relevant article of Law No. 7571 entered into force on 25.12.2025.

Respectfully.

https://www.resmigazete.gov.tr/eskiler/2025/12/20251225-33.pdf