Turkey’s government issued Presidential Decision No. 9160 on 27 November 2024, reducing the exemption rate for corporate income tax on gains derived from the sale of certain assets.
Presidential Decision No. 9160 came into effect on the day it was published in the Official Gazette. It lowers the exemption rate from 75% to 50%, meaning that corporate taxpayers will now only be able to exclude 50% of profits from the sale of qualifying assets when calculating their tax liabilities.
Under the revised regulation, qualifying assets include shares held for at least two years, founders’ shares, redeemed shares, pre-emptive rights, and participation shares in investment funds with income exempt under Article 5(1)(a) of the Corporate Income Tax Law No. 5520.
