On February 14, 2023, the Finance Ministry published the Order on extra profit tax in the Official Gazette no. 17/23, which entered into force on February 15, 2023.
What does the Order prescribe?
The Order on extra profit tax prescribes:
Procedure for determining taxable profit and amount of income,
Criteria for determining income from the sale of long-term tangible and intangible assets, gains and unrealized losses of financial property,
The procedure for reducing the obligation of additional income tax,
The procedure for determining newly established entrepreneurs, ending operations and their tax base,
The method of payment of the solidarity contribution prescribed by EU Council Regulation 2022/1854 on emergency intervention to resolve the issue of high energy prices and
The application form for extra profit tax, content and information taxpayers submit with the tax return.
The Finance Ministry publish a form for reporting extra profit tax/solidarity contributions for 2022, i.e. Form DPD. The taxpayers submit the DPD form with the PD form to the competent Tax Administration for the tax period from January 1, 2022, by those liable for extra profit tax.