Şimşek: We are reviewing the tax laws, we will submit them to the Parliament
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Making a presentation at the Grand National Assembly of Turkey Planning and Budget Commission, Treasury and Finance Minister Mehmet Şimşek said, “We are reviewing the basic tax laws. We will present our work to the discretion of our Parliament during the program period.”
Turkish Grand National Assembly Discussions on the 2024 budget of the Ministry of Treasury and Finance started in the Planning and Budget Commission.
Making a presentation on the budget of the Ministry, Minister of Treasury and Finance Mehmet Şimşek said, “We will continue our efforts to expand the tax base and increase voluntary compliance, taking into account the principles of justice, equality, predictability and transparency in tax regulations.”
“Our main goal is to create a tax structure that is understandable, easily applicable and meets current requirements, and to increase the share of direct taxes in the budget,” said Şimşek, adding, “We will carry out a comprehensive study on the removal of ineffective exceptions, exemptions and discounts.”
We are working. In this context, we are reviewing basic tax laws. “We will present our work to the discretion of our Assembly during the program period,” he said.
‘WE ARE MAKING AN EFFORT TO REMOVE TURKEY FROM THE GRAY LIST’
Şimşek stated that the fight against financial crimes is among the main priorities.
“A healthy financial system is vital for economic growth and development. “For this reason, we are intensively continuing our efforts to strengthen the regime against laundering proceeds of crime and financing of terrorism,” said Şimşek, and continued as follows:
“According to the report shared by the Financial Action Task Force (FATF), our country has 40 FATF
Complies with standard 39. Within the scope of technical harmonization, the only
The issue is studies on crypto assets.
Our necessary work in this regard has reached the final stage. In this state, Türkiye has become one of the most successful countries in technical harmonization.
We are determined to continue and increase our work in this context. In practice
“We are making efforts to remove our country from the gray list with the activity we will provide.”
INFLATION STATEMENT
Şimşek said the following regarding inflation:
“This year, the rate of increase in the lowest civil servant salary is 141.8 percent; The increase rate in the average civil servant salary was 128.8 percent.” We made proportional increases in addition to the periodic raise for our retirees in January and July 2023. We also increased the minimum wage by 107.3 percent in 2023, above inflation. In summary, we have not subjected our employees and retirees to inflation, and we will not do so in the future.”
‘WEAK FOREIGN DEMAND AND EARTHQUAKE LIMITED EXPORTS’
254.2 billion last year dollar Stating that the record-breaking exports are expected to reach 255 billion dollars this year, Şimşek said, “At the same time, we estimate that exports are 6 billion dollars lower than they should be due to the direct and indirect effects of the earthquake. “We foresee that exports will reach 267 billion dollars with the growth in our main trading partners increasing by 0.5 points in 2024,” he said.
“Imports are expected to increase by 0.9 percent in 2023 and reach 367 billion dollars,” said Şimşek. gold imports and strong domestic demand were effective. We predict that imports will reach 372.8 billion dollars in 2024. “Thus, we expect the foreign trade deficit, which is expected to be 112 billion dollars in 2023, to decrease to 105.8 billion dollars in 2024,” he said.
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