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Major operation from the Ministry of Finance to the iron and steel industry: 7 billion TL fine

The Ministry of Treasury and Finance announced the first results of the comprehensive tax inspections it conducted in various sectors. A record fine of 7 billion TL was imposed on two companies operating in the iron and steel sector.

Major operation from the Ministry of Finance to the iron and steel industry: 7 billion TL fine

The Ministry of Treasury and Finance has started to complete its sector-based tax audits. According to the first results, 7 billion fines were imposed on 2 companies from the iron and steel industry.


In addition to the tax investigation, the Financial Crimes Investigation Board (MASAK) also conducts a money laundering crime investigation.

According to NTV's news, the investigation was carried out by Tax Inspectors under the Tax Inspection Board against companies that disrupted price stability by manipulating the iron and steel market, became monopolized by disabling companies in the sector, caused losses to the public with fake invoices and made unfair profits through shell companies they established, and made unfair profits. investigations have begun to be completed.

The Ministry of Finance uses various control and surveillance tools to record the iron and steel market and increase transparency. In this context, applications such as the rebar monitoring system, which ensures traceability of the rebar used in construction from production to end use, were put into operation.

In addition, it was stated that actual counts and inspections carried out by large manufacturing companies will continue. These steps are being taken to make the market more transparent and regulated.

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