ARTICLE · 04 JANUARY 2024

Law On Amendments To Certain Laws And Decree Laws

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The Law No. 7491 titled "Law on Amendments to Certain Laws and Decree Laws" was published in the Official Gazette No. 32413 dated December 28, 2023.

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The Law No. 7491 titled "Law on Amendments to Certain Laws and Decree Laws" was published in the Official Gazette No. 32413 dated December 28, 2023.

Under the scope of Law No. 7491, the following adjustments have been made in tax implementations:

The discount rate in service exports has been increased from 50% to 80%. (For Income Tax Payers)
The discount rate applied to profits earned from service exports has been increased to 80%. (For Corporate Tax Payers)
Regulations have been made to ensure that inflation adjustments in 2024 and 2025 will not affect the tax base in banks and financial institutions.
Exemption conditions for revenues generated from certain services provided over the internet and similar electronic environments have been reorganized and expanded.

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