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turkish taxation system

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Accounting and Reporting, Taxes

Turkey Increases Corporate Income Tax Rate for 2021 and 2022

April 22, 2021 Comments Off on Turkey Increases Corporate Income Tax Rate for 2021 and 2022

According to the latest issue of the Official Gazette, the corporate tax rate, which is currently applied as 20% in Turkey, will be increased to 25% for 2021 and 23% for 2022 for corporate incomes. The new tax rate will be in effect starting from April 22, 2021. It will apply to the whole of […]

Taxes

Turkey Introduces Digital Services Tax (DST) Through Law No. 7194

December 25, 2019 Comments Off on Turkey Introduces Digital Services Tax (DST) Through Law No. 7194

Digital Service Tax has been introduced by the Law Numbered. 7194 published in the Official Gazette dated 07.12.2019. The law enforces a new tax liability as a Digital Services Tax. (DST)

Business Law, Turkish Economy and Business Life

Tax Deductible Expenses According To Turkish Tax Laws

March 25, 2019 Comments Off on Tax Deductible Expenses According To Turkish Tax Laws

The Turkish direct taxation system consists of two main taxes on income and earnings. The first one is income tax which individuals are subjected. The second one is corporate tax which corporations are subjected.

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