Turkey's Revenue Administration has announced the publication of Tax Procedure General Communiqué No. 582 in the Official Gazette on 15 February 2025, which limits the scope of taxpayers required to make an inflation adjustment for provisional periods. This includes that taxpayers are not required to make inflation adjustments for the first, second, and third provisional tax periods in 2025. Adjustments are still required for the year-end financial statements for 2024 and 2025. However, the exemption from inflation adjustments does not apply for taxpayers engaged in the purchase, sale, and production of processed gold and silver, which are required to make...