The Revenue Administration has submitted a draft General Communiqué No. 10 on 30th June 2016 regarding Corporate Tax Law (Law No. 5520) to the Prime Minister for publication in the Official Gazette. This draft addresses the changes of General Communiqué No. 1 on Corporate Tax Law. It includes the given clarifications:

  • the subject of capital advance payments prepared under the interest incentive for capital increases;
  • Objective and subjective scope of the incentive of reduced corporate income tax;
  • Make authorization from the Council of Ministers for application.