Turkey Publishes Updated Guide on Tax Penalty Reduction Program

Turkey's Revenue Administration has announced the publication of an updated Guide on the Tax Penalty Reduction Program. As provided by Article 376 of the Tax Procedure Law No. 213, the program allows for the quick resolution of disputes concerning penalties imposed on taxpayers without resorting to legal proceedings, including tax loss, irregularity, and special irregularity penalties. In general, taxpayers have 30 days to initiate legal proceedings after receiving a tax or penalty notice. …