On 2 April 2021, the Turkish Government submitted a Draft Law to the Turkish Parliament. Through the Draft Law, Turkey intends to increase the corporate income tax (CIT) rate for the tax years 2021 and 2022.
The proposed tax rate is 25% for 2021 and 23% for 2022 tax years. The current CIT rate is 20% for the tax year 2021 which was decreased from 22% (applies for the years 2018 to 2020).
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