New developments
The corporate tax rate applied on the income pertaining to the
periods of 2021 and 2022 has been amended with the Law No. 7316 on
Certain Amendments on the Law on the Collection of the Public
Receivables and Certain Laws ("Law No.
7316"), which was published on the Official Gazette
dated 22 April 2021.
What does the amendment mean?
According to Temporary Article 13 of the Corporate Tax Law No.
5520, the corporate tax rate has been determined as the
following:
- 25% for the income derived in 2021
- 23% for the income derived in 2022
These rates will apply for the period starting within the
relevant year for the taxpayers, subject to a special accounting
period.
