VAT Communiqué no.43 was published in the Official Gazette on 25.10.2022

3 Kasım 2022

The delivery of iron-steel products were included in the VAT declaration system with the 4/10 portion of VAT declared as the liability of the purchaser

Tax Procedure Law (TPC) circular VUK-145/2022-8 has been published on 05.09.2022. The circular provides further details about “ultimate beneficial owner” which was defined in the TPC Communiqué No:529

8 Eylül 2022

As stated in the previous Communiqué, ultimate beneficial owner must be a real person.

Law 7417 dated 01.07.2022 amended the subarticle ı) of Article 10 of Corporate Income Tax (CIT) Law

6 Temmuz 2022

In 2015, the subarticle ı) was added to article 10. This subarticle allows the taxpayers to deduct certain portion of the cash/liquidity infusion to the company’s paid-in equity structure from the CIT base.

Bank and insurance transactions tax (BITT) rate for consumer loans is increased from 5% to 10% with the Presidential Decree no: 5729

15 Haziran 2022

With the Presidential Decree no: 5729 dated 11.06.2022, subparagraph (ğ) is added to the Decree annexed

Deadline for Repatriation of Capital is June 30, 2022

2 Haziran 2022

Presidential Decree no: 5058 published in the Official Gazette dated 31.12.2021, had extended the deadline determined in Temporary Article no:93 of Personal Income Tax (PIT)