Tue. Oct 8th, 2024

Ministry of Finance to Summon Athletes Who Fail to Declare Earnings Correctly

By Haberyaz Oct8,2024

Ministry of Finance to Summon Athletes Who Fail to Declare Earnings Correctly

The Ministry of Finance is poised to summon athletes who fail to declare their earnings accurately, and any unpaid taxes will be demanded with penalties.

Minister of Finance Mehmet Şimşek announced that extensive audits are ongoing, focusing on high-income athletes who do not declare their earnings, as part of efforts to ensure tax justice and improve efficiency. These audits aim to enforce tax compliance among athletes who fail to report their income correctly.

Emphasizing the importance of athletes transparently declaring their earnings, Şimşek stated that everyone should bear a fair tax burden. He added that such measures would enhance the integrity of the tax system and that audits would also be applied to those who have no tax obligations but fail to submit necessary declarations.

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