Turkey signs CRS Multilateral Competent Authority Agreement
Turkey has signed Common Reporting Multilateral Competent Authority Agreement (CRS MCAA) for the implementation of automatic exchange of financial account information pursuant to the OECD/G20 Common Reporting Standard (CRS) to launch exchanges in
See MoreTurkey: Council of Minister proposes transfer pricing provisions
A draft Communique regarding transfer pricing has been published in Turkey. It generally represents measures of the OECD’s base erosion and profit shifting (BEPS) Action 13 on country-by-country reporting and transfer pricing documentation. The
See MoreTurkey: Law No. 6824 introduces income tax and VAT relief
On 8th March 2017 Law No. 6824 on the restructuring of certain public claims and the amendment of certain laws and cabinet regulations was published in the official gazette. The Law changes both the Income Tax and VAT Laws, introducing a new income
See MoreTurkey: Announcement of unilateral APA signed
The Tax Administration of Turkey declared an announcement on 20th March 2017 that it had signed a new unilateral Advance Pricing Agreement (APA) on 1st March 2017. The APA is prepared on the basis of article 13 of Corporate Tax Law No.
See MoreTurkey: Reduction in stamp duty, deed fees and RUSF rates
The Decree 2017/9973 was published in the official gazette on 15th March 2017 that reduces stamp duty, deed fees and Resource Utilization Support Fund (RUSF) rates on certain transactions. The Decree entered into force on the day of its publication.
See MoreTurkey: Communiqués on Law regarding R&D incentives publishes
The General Communiqués (Communiqué Nos. 7 and 8) regarding research and development (R&D) incentives were published on 8th March 2017 in the Official Gazette. The Communiqués Nos. 7 and 8 amend General Communiqué Nos. 4 and 6 on Law No.
See MoreTurkey: Tax amendments gazetted
The Law No. 6824 was published in the official gazette on 8th March 2017 that amend a number of laws. Under the Law, a compliant taxpayer is defined as a taxpayer not having tax debts or not including tax penalties over the amount of TRY 1,000. The
See MoreDTA between Qatar and Turkey ratified
The Income Tax Treaty of 2016 between Qatar and Turkey has been ratified on 8th March 2017 by Qatar for avoiding double taxation. When in force and effective, this new treaty will replace the previous Income tax treaty of
See MoreTurkey: Decree 2012/3305 on investment incentives regime amended
A Decree 2017/9917 regarding the investment incentives regime, which amends Decree 2012/3305, was published on 22nd February 2017 in the official gazette. This decree entered into force on the day of its publication. According to the amended
See MoreTurkey: Possibility of R&D and designing expenses deduction boosted
The regulation regarding the implementation and control of R&D and designing support was published in the Official Gazette on 14th February 2017, which amends the previous regulation. The Regulation boosts the opportunity of expenses incurred by
See MoreTurkey: A Communiqué about tax procedure law issued
The General Communiqué No. 477 about tax procedure law was published in official gazette and entered into force on 8th February 2017. This gives foreign currency exchange rates (Turkish lira (TRY)) that will be applied for the valuation of
See MoreBelgium ratifies Social Security Agreement with Turkey
On 23 December 2016, Belgium ratified the Social Security Agreement with Turkey, as published in the Belgian Official Gazette of 2 February 2017. Once in force and effective, the new agreement will replace the existing agreement of
See MoreTurkey: General Communiqué No. 10 on VAT Law gazetted
The General Communiqué No. 10 regarding Value Added Tax Law (Law No. 3065) was published on 3rd February 2017 in the Official Gazette. Under taking into account of the provisions of Law No. 6770, the Communiqué changes the General Communiqué on
See MoreTurkey: VAT rates and stamp duty on certain goods amended
The Decree No. 2017/9759 for amending the tax rates of the special consumption tax (SCT), VAT and stamp duty on certain goods and transactions was published in the official gazette on 3rd February 2017. A zero per cent rate is set for household
See MoreMoldova and Turkey: Social Security Agreement initialed
In accordance with a press release published by the Moldovan Ministry, a Social Security Agreement between Moldova and Turkey has been initialed in Chisinau. This treaty has expected to be signed later this
See MoreTurkey: General Communiqué No. 11 on CIT Law gazetted
General Communiqué No. 11 regarding the Corporate Income Tax Law (Law No. 5520) was gazetted on 31st December 2016 and amends General Communiqué No. 1. The measure entered into force on the day of its publication. The Communiqué gives
See MoreTurkey: Bilateral APA signed
The Revenue Administration stated on 30th December 2016 that it had signed a new bilateral advance pricing agreement and this agreement is based on article 13 of Corporate Income Tax Law No.
See MoreTurkey: General Communiqué No. 4 on tax amnesty published
General Communiqué No. 4 regarding Law No. 6736 on the tax amnesty was published in the Official Gazette and entered into force on 2nd December 2016. This Communiqué gives explanations and examples concerning the assets transfer from abroad to
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