The Turkish government has announced increased tax penalties effective from 1 January 2025, detailed in General Communiqué No. 577 and published in Official Gazette No. 32768 on 30 December 2024. These adjustments are based on a 43.93%

The Turkish Official Gazette published Communique No. 53 on 30 December 2024, which outlines changes to the VAT refund threshold subject to the reduced VAT rate for 2025. According to the new regulation, the VAT refund threshold has been

Turkey has announced an extension of income tax withholding incentives for employees in technology development zones and R&D or design centers. According to Presidential Decision No. 9368 on 27 December 2024, employees working outside these

Turkey's Revenue Administration has announced the issuance of Presidential Decision No. 9284, introducing a 1% withholding tax rate on payments made by intermediaries to service providers engaged in activities under Law No. 6563 on the Regulation of

The Revenue Administration of Turkey has announced the release of Presidential Decision No. 9286 on 22 December 2024, updating the withholding tax rate on dividend distributions. The withholding tax rate on dividends distributed under Article 94

Turkey's Revenue Administration has issued an updated Guideline on the Mutual Agreement Procedure (MAP) for the elimination of double taxation agreements, effective for requests made from 1 January 2022. The guideline is available in both Turkish