The Ministry of Treasury and Finance, after monitoring the fuel, iron-steel, tobacco, and jewelry sectors, has now turned its attention to the red meat industry. A comprehensive investigation was conducted on the four major producers in the sector, revealing that 3 billion liras of profits were unrecorded.

The Tax Inspection Board of the Ministry of Treasury and Finance closely monitored the informality in the red meat sector, conducting comprehensive inspections on the four leading producers in the sector, finding that 3 billion liras of profits were unrecorded. According to information from the Ministry, after focusing on the raw food, fuel, iron-steel, tobacco, and jewelry sectors, the Tax Inspection Board turned its gaze to the red meat sector.

ACTUAL COUNT CONDUCTED Teams enhancing risk analysis and fieldwork for the red meat sector first conducted an actual count on the large cattle breeding locations owned by the four major taxpayers influencing the sector. Field inspections were carried out at the facilities of these producers in 7 provinces, and the counts will continue in other provinces. Income experts and veterinarians from the Ministry of Agriculture and Forestry also participated in the actual counts coordinated by tax inspectors. RISKY TAXPAYERS UNDER SCRUTINY During field inspections, checks were also made on the live animal presence and their identification tags in the facilities. Taxpayers deemed risky in this process were subjected to tax audits. It was determined that these taxpayers had hidden profits amounting to 3 billion liras, leading to penal tax assessments. Ministry teams will expand fieldwork in the sector in the coming weeks. “ENSURING THE HEALTHY DEVELOPMENT OF THE SECTOR” Minister of Treasury and Finance Mehmet Şimşek, in his assessment of the issue, emphasized that ensuring tax justice and protecting fair competition are among the priorities, stating: “We are working in coordination and collaboration with relevant ministries. By effectively combating informality, we will ensure the healthy development of the sector. Through these inspections, we aim to detect informal activities and ensure that tax obligations are fully met. In this way, we identify those who engage in market-distorting actions for a fair competitive environment.”