Turkey raises withholding tax rates on lira accounts and investment funds
The Presidential Decision raises withholding tax rates on income from TRY-denominated deposit and participation accounts and mutual funds. Turkey’s Revenue Administration has announced Presidential Decision No. 10041 on 8 July 2025, which
See More
Turkey consults on draft rules for payment systems
The draft communiqué is aimed at regulating physical and virtual payment systems to strengthen tax compliance. The Turkish Revenue Administration has issued a draft General Communiqué on the Tax Procedure Law (TPL) to regulate the use of
See MoreTurkey, Zimbabwe trade agreement enters into force
The Turkey-Zimbabwe trade deal entered into force on 9 May 2024 Turkey and Zimbabwe’s trade and economic cooperation agreement, signed on 10 October 2018, entered into force on 9 May 2024. This was confirmed by Presidential Decision No.
See MoreTurkey enacts trade agreement with Azerbaijan and Turkmenistan
Turkey confirmed the entry into force of a broad trade and economic cooperation agreement between Azerbaijan, Turkey, and Turkmenistan. Turkey’s Presidential Decision No. 9925 on 31 May 2025, confirmed the entry into force of a trade and
See More
Angola, Turkey conclude third round of tax treaty talks
The third round of negotiations between Angola and Turkey concluded on 27-28 May 2025. Angola and Turkey have concluded the third round of income tax treaty negotiations, which took place from 27 to 28 May 2025. The negotiations, chaired by
See MoreEl 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
See MoreTurkey 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
See MoreTurkey 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
See MoreTurkey 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.
See MoreTurkey 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
See MoreTurkey: 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
See MoreTurkey 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.
See MoreTurkey 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
See MoreTurkey, 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
See MoreTurkey 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
See MoreTurkey: 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
See MoreGabon, 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
See MoreTurkey 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
See More