Sep 12 2019

Turkey reveals tax debtors owing 44 billion liras – report

Turkey’s Treasury and Finance Ministry revealed a list of companies and persons owing 44.3 billion liras ($7.8 billon) in unpaid taxes.

Topping the list was Nursan Metalurji Endüstrisi, which owes 1.46 billion liras, the ministry said, according to Dunya newspaper. Nursan, a steelmaker, is based in the eastern province of Hatay and has ceased production. Second was Mustafa Akyol with alleged debts of 1.36 billion liras.

Turkey is seeking to raise revenues in an economic downturn that has pummeled spending power, prompting the government to cut some taxes. The authorities have announced several amnesties for tax debtors in recent years that involved discounts and favourable repayment terms.

Several petroleum companies were also listed in the top 10 debtors, all of whom owe at least 977.6 million liras. They included Uluslararası Akaryakıt Dağıtım and Türkoil Petrol Ürünleri.