The temporary tax (Geçici Vergi) in Turkey is a prepayment of income or corporate tax, made quarterly. It’s designed to distribute tax revenue more evenly throughout the year and help the government manage its cash flow.

Regarding whether the temporary tax will be extended to 2025, the situation is always subject to change depending on government policy and economic conditions. It’s crucial to understand that tax regulations and laws are constantly reviewed and updated.

Currently, there’s no official announcement or legislation confirming the extension of the temporary tax into 2025. Therefore, as of today’s date (October 26, 2023), we cannot definitively say whether it will be in effect. The government has the authority to abolish, amend, or continue this tax based on various economic factors.

To stay informed about this issue, here are some reliable resources:

• Official Government Gazette (Resmi Gazete): This is where all official laws and regulations are published. Any change to the temporary tax would be announced here.
• Tax Authority Website (Gelir İdaresi Başkanlığı): The Tax Authority’s website is a primary source of information on tax matters.
• Reputable Financial News Outlets: Follow established and well-regarded financial news websites and publications in Turkey. These sources often provide updates on tax policy changes.
• Consult with a Tax Professional: The most reliable way to get accurate information is to speak with a qualified accountant or tax advisor in Turkey. They can provide personalized guidance based on your specific circumstances and the latest regulations.

It is important to be wary of unofficial sources and speculation. Always rely on official government announcements or verified information from reputable financial professionals. Changes to tax laws can happen quickly, so continuous monitoring is essential, especially if the temporary tax directly affects your business or income.

In summary, while the temporary tax is currently in place, its status for 2025 remains uncertain. Stay vigilant and refer to the recommended resources to remain up-to-date on any potential changes.