A taxpayer acting in line with a ruling is not subject to penalties or late payment interest even if the ruling later proves wrong, although the tax itself may be claimed. Rulings bind only the applicant and the specific case.
Source: 213 sayılı VUK m. 413
Related terms
Tax Procedure Law (VUK)The core law setting the procedural rules of taxation: taxpayer status, books and documents, valuation, assessment, notification, accrual, tax audits and tax penalties.Voluntary disclosureA mechanism under which no tax loss penalty is imposed if the taxpayer voluntarily corrects an incomplete or incorrect return before the tax administration discovers it.Tax inspectionThe tax administration investigating and establishing the accuracy of taxes payable through the taxpayer's books, records and documents.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.Ba-Bs formsForms in which taxpayers keeping books on a balance sheet basis report monthly purchases (Ba) and sales (Bs) of goods and services with the same party above a set threshold.
Last updated: October 31, 2026 · This definition is for general information only.