Minister Şimşek's tax statement for 2027: No increase on our agenda

Turkish Treasury and Finance Minister Mehmet Şimşek said the government does not plan to raise the headline rates of income tax, corporate tax or VAT in 2027, signaling a pause in broad-based tax increases. He also said work continues on a pension reform that could tie benefit increases to age and premium payment days, with the package expected to be completed in December. The commitment matters for households and businesses planning costs for 2027, while the pension changes could reshape retirement benefits for current and future retirees. Watch for the December pension package and whether the no-rate-increase pledge holds through the 2027 budget cycle.