İstanbul Gelisim Vocational School - myo@gelisim.edu.tr

Foreign Trade








 Action Plan to Combat Informal Economy


The 2023-2025 Action Plan to Combat Informal Economy was prepared by the Ministry of Treasury and Finance.


According to this plan, effective evaluation and auditing will be carried out in order to intervene in a timely manner against tax losses and tax evasion. Within the scope of this plan, 44 actions will be carried out under 5 basic components.
In the Action Plan to Combat Informal Economy published on the website of the Ministry of Treasury and Finance, the following views were expressed: “Informality is one of the most important agenda items that countries fight extensively and develop counter-strategies for, regardless of their level of development, and that the definition of the informal economy, in the simplest terms, is hidden from the public authority. It is defined as the whole of activities that are not or cannot be recorded in the official records partially or completely and therefore cannot be audited”.
The informal economy, which cannot be taken into account in official statistics and calculations, erodes tax revenues and negatively affects the fair distribution of tax burden between taxpayers who fulfill their tax obligations and those who do not. It was stated that it affected the growth performance of countries negatively by preventing the economy from reaching its potential productivity.
The concept of informal economy, due to its nature and structure, is difficult to make a clear definition and is used synonymously with terms such as shadow economy, underground economy, gray economy, which are not included in official records, not based on legal documents, cannot be controlled within the framework of legal regulations and cannot be included in national income calculations. defined as all economic transactions and activities.

For detailed news