ADMD/Mavioglu & Alkan Law Office | View firm profile
In August 2024, Turkey enacted Law No. 7524 to introduce a domestic minimum corporate income tax regime, in alignment with OECD-G20 BEPS Pillar Two guidelines. Starting from fiscal year 2025, all corporate taxpayers in Turkey are subject to a minimum 10% tax on income before deductions. The regime ensures a tax floor even where exemptions, incentives, or losses would otherwise reduce tax liability. The legislation also supports the global 15% minimum tax for multinational groups with annual consolidated revenues exceeding €750 million, as set out under OECD-G20 standards.
Simultaneously, the same law introduced significant VAT enforcement measures targeting the digital economy. These include mandatory e-invoicing, QR-coded receipts, and real-time transaction reporting obligations. The reforms apply to sectors such as e-commerce, gaming, SaaS, and software, and aim to enhance traceability and tax compliance in digital transactions.