Following the taxpayers who did not declare their income despite having high expenses, the Tax Inspection Board (VDK) of the Ministry of Treasury and Finance is now tracking down taxpayers who drive luxury vehicles despite not declaring their income.
According to information obtained by an AA correspondent from the Ministry, the VDK has been examining taxpayers who do not declare taxes in accordance with their expenses, in line with the message and instruction of Treasury and Finance Minister Mehmet Şimşek, “We will increase justice and efficiency in taxes, and we will collect more taxes from those who earn more. We are improving budget financing by combating the informal economy.”
Tax inspectors have begun to investigate how people who own luxury vehicles earn their income and whether they declare this income.
In the studies conducted on 7,885 vehicles in the luxury segment, taxpayers who did not have any income declaration or company partnership, or whose companies did not distribute profits despite having a partnership, were identified. It was seen that these luxury vehicles were 2022, 2023 and 2024 models of Porsche, Bentley, Ferrari, Lotus, Maserati, Mercedes (Maybach, G, S) and BMW (740, I7) brands.
PRIORITY TARGET IS UNRECORDED REVENUES
In these studies, taxpayers who purchase luxury vehicles with their unregistered income will be the primary target audience.
In the investigations, it was determined that approximately 3 thousand vehicles were registered to real persons, 2 thousand of these persons had partnerships in 7 thousand companies, and only 300 companies among them distributed profits in 2022 and 2023.
It was determined that 780 vehicles examined were registered to non-taxpayers, and these people had no source of income.
It was determined that only 150 of the luxury car owners had income tax liability and 100 of them had a profit of less than 1 million lira.
In the examinations, priority is given to those who are not taxpayers, who do not have a partnership in a company and who do not have any other income declaration. Then, the study will be conducted on taxpayers who are company partners but do not have any profit distribution or any other income declaration.
In this context, first of all, 500 vehicle owners were referred to tax inspection to determine whether this situation, which was not compatible with their income, was related to their unregistered earnings.
THEY BUY MERCEDES WITHOUT DISTRIBUTING PROFIT
The VDK also encountered some striking examples during its investigation.
For example, it was determined that company owners bought Mercedes for 23 million liras in 2023, but their companies had only a few million liras of profit in the last two periods and did not distribute profits. In the checks, it was determined that the vehicle prices were sent from the companies’ bank accounts, but they were not reflected in the records.
In another example, it was determined that individuals who did not declare any income and did not have a partnership purchased a Bentley vehicle for 27 million lira in 2023.
SUCH TYPES OF REVIEWS WILL BECOME MORE COMMON
Tax inspectors will determine the source of income from which the luxury vehicles in question were obtained and ensure that this income is taxed. A black money investigation will also be conducted for those for whom a legal source cannot be determined.
The Ministry of Treasury and Finance will continue to expand and scope such initial reviews within the framework of new findings by risk analysis units.
