El Salvador, Turkey begin negotiations on double taxation treaty
El Salvador and Turkey have begun formal talks on a treaty to eliminate double taxation and curb tax evasion. This announcement was made by the Ministry of Foreign Affairs of El Salvador on 12 May 2025. The Turkish delegation was led by Ahmet
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Turkey updates tax audit rules for digital and remote processes
The Turkish Ministry of Treasury and Finance has updated its tax audit regulations to enhance the use of electronic tools in audit procedures. Published on 13 May 2025, the amendment revises the October 2011 regulation by defining electronic system
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Turkey to mandate smart taximeters and payment systems for taxis by 2025
The Turkish Revenue Administration (GİB) has released a draft communiqué under the Tax Procedure Law requiring all taxis in Turkiye to adopt integrated smart taximeters and payment systems by 31 December 2025. The measure seeks to promote digital
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Turkey raises foreign exchange conversion support rate for businesses
Turkiye has raised the foreign exchange (FX) conversion support rate for companies converting foreign currency into Turkish lira (TRY) from 2% to 3%. This change, effective from 1 May to 31 July 2025. This update is outlined in Communiqué No.
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Turkey extends VAT exemption for construction under incentive certificates
Turkey has extended a VAT exemption for construction activities in the manufacturing and tourism sectors, under Presidential Decision No. 9770 issued on 30 April 2025, which was published in the Official Gazette on 1 May 2025 (No. 32887). The
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Turkey: Tax Authority extends 0% withholding tax on bonds, bills and sukuk to July 2025
Turkey's tax authority issued Presidential Decree No. 9769 on 30 April 2025, which was published in the Official Gazette on 1 May 2025 (No. 32887). The decree extends the 0% withholding tax rate on income derived from certain government-backed
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Turkey approves trade and economic cooperation agreement with Maldives
The President of Türkiye approved the trade and economic cooperation agreement with the Maldives on 22 April 2025,, which was signed on 27 November 2023 in Ankara. The approval was made through Decision No. 9755, published in Official Gazette No.
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Turkey announces average commercial loan interest rates for inflation adjustment
The Turkish Ministry of Treasury and Finance has published the average commercial loan interest rates for January, February, and March 2025 as part of the inflation adjustment process for financial statements on 22 April 2025. The rates are as
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Turkey, Syria to negotiate new tax treaty
Turkey’s Ministry of Trade has announced that officials from Turkey and Syria met in Damascus to address bilateral matters, including plans to negotiate a new income tax treaty on 23 April 2025. Turkish Minister of Trade Ömer Bolat and his
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Turkey opens corporate tax filing period for 2024
Turkey’s Revenue Administration has opened the corporate income tax filing period for the 2024 fiscal year. Corporate taxpayers must file their returns electronically via the Digital Tax Office between 1 and 30 April 2025. This announcement
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Turkey: Ministry of Treasury and Finance issues guidance on tax deferral, instalment plans
The Turkish Ministry of Treasury and Finance has issued a guide explaining how taxpayers can defer or pay their tax debts in installments under Law No. 6183. This guide details eligibility criteria, application steps, required documents, interest
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Gabon, Turkey sign income tax treaty
Gabon and Turkey signed an income tax treaty on 3 March 2024. The treaty applies to various Gabonese taxes, including individual income tax, corporate tax, minimum flat-rate tax, supplementary salary tax, special rental property tax, and tax on
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Turkey revises special consumption tax on selected tobacco products
Turkey’s government has announced changes to the special consumption tax (SCT) rates and fixed tax amounts for certain tobacco products through Presidential Decree No.9583, which was published in the Official Gazette No. 32824 on 15 March
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Turkey raises minimum threshold for VAT refund claim
The government of Turkey has raised the minimum amount for value added tax (VAT) refund claims in cases involving reduced tax rates or exemptions, raising the minimum amount from TRY 2,000 to TRY 10,000. This announcement was published by the
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Turkey rejects OECD’s Pillar One Amount B implementation
The Turkish Ministry of Treasury and Finance has issued a formal statement regarding the implementation of Amount B under Pillar One on 7 March 2025, a key component of the OECD/G20 Base Erosion and Profit Shifting (BEPS) framework, developed by the
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Turkey issues guide on taxation of capital gains and occasional income
The Turkish Ministry of Treasury and Finance has published a "Guide to Taxation of Other Income and Earnings," outlining the taxation of various income types, such as capital gains and occasional earnings, under the Individual Income Tax Law
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Tanzania, Turkey wrap up second round of tax treaty talks
The second round of negotiations regarding the conclusion of a double taxation avoidance agreement between Turkey and Tanzania was held in Dar es Salaam on 17 - 20 February 2025. This announcement was made by Turkey's Revenue Administration on 27
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Turkey Publishes tax guide on donations and aid
The Turkish Revenue Administration has issued a new " Guide on Donations and Aids in Terms of Tax Legislation ", providing detailed guidance on the tax treatment of donations. It covers both in-kind and cash donations, the specific entities
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