It applies where other tax laws are silent. Tax valuation rules such as discounting, foreign currency valuation, depreciation and revaluation are found in this law.
Source: 213 sayılı Vergi Usul Kanunu
Related terms
Tax inspectionThe tax administration investigating and establishing the accuracy of taxes payable through the taxpayer's books, records and documents.Irregularity penaltyA fixed penalty imposed for failure to comply with the formal and procedural provisions of tax laws, regardless of whether tax revenue was lost.Statutory booksBooks that must be kept under the Tax Procedure Law and the Turkish Commercial Code, such as the journal, general ledger, inventory book and resolution book.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Advance tax rulingA written explanation issued by the tax administration upon a taxpayer's written request about its own tax position or matters it considers unclear.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.
Last updated: October 31, 2026 · This definition is for general information only.