ARTICLE · 24 JULY 2024

Comprehensive Tax Regulation Package Is On The Way

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As part of the 2024-2026 Medium-Term Economic Program, the Draft Law on Amendments to Tax Laws and Certain Laws ("Draft Law") was submitted to the Grand National Assembly of Türkiye...

TurkeyTax

Dr. Erdal Ekinci

Nisa Nur Açıkgöz

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As part of the 2024-2026 Medium-Term Economic Program, the Draft Law on Amendments to Tax Laws and Certain Laws ("Draft Law") was submitted to the Grand National Assembly of Türkiye on 16 July 2024. The Draft Law aims to introduce significant amendments to the tax legislation.

The amendments in the Draft Law include various regulations such as a domestic minimum corporate income tax, global minimum corporate income tax including domestic top-up tax, tax facilitation for employee stock option plans, expansion of the scope of withholding on income tax and corporate income tax and inclusion of certain payments into the scope of the withholding, limitation on the carried forward value-added tax (VAT) and restrictions on certain exemptions related to income tax, special consumption tax and VAT.

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