Pursuant to Provisional Article 37, which was added to the Tax Procedure Law by Law No. 7571 dated 24 December 2015, financial statements will not be subject to inflation adjustment for the 2025 fiscal period (including provisional tax periods) and the 2026 and 2027 fiscal periods, regardless of whether the conditions for inflation adjustment are met. After this period, the President has been granted authority to extend this arrangement for an additional three years with respect to whether financial statements will be subject to inflation adjustment. Entities engaged exclusively and continuously in the purchase/sale and processing/manufacture of processed gold and silver are excluded from the scope of this regulation. In terms of the revaluation practice under Repeating Article 298, paragraph (Ç), the periods for which inflation adjustment will not be applied (including any periods extended under the granted authority) will be deemed as periods in which the conditions for inflation adjustment have not occurred. Therefore, during these periods, revaluation under paragraph (Ç) is possible.