A parliamentary commission accepted a proposal on October 13, 2017 to extend a planned corporate tax rise from 20% to 22% for all companies instead of just financial institutions. The increased corporation tax will set for the years 2018 to 2020.
The commission also accepted a proposal from President, Tayyip Erdogan, to cut a planned rise in motor vehicle tax from 40% to 15%-25% for most cars, depending on engine size in a draft law.
A copy of the proposals handed to the Parliament on October 13, 2017. The proposals still need to be passed by parliament.
