Turkey increases withholding tax on capital gains from specific FX hedge funds

Turkey’s Revenue Administration has updated and published the Guide on the Tax Penalty Reduction Application, explaining the scope of penalties covered, eligibility requirements, reduction rates, application procedures and payment obligations

Turkey has enacted Law No. 7590, introducing several tax measures, including reforms to the special consumption tax (SCT) on motor vehicles, new tax incentives for the nuclear energy sector, and an extension of employment support measures. The law

Turkey has revised the product list covered by the Communiqué on Import Inspections of Products Subject to the Control of the Ministry of Agriculture and Forestry (Product Safety and Inspection: 2026/5) through a new amending Communiqué (Product

Turkey has published Presidential Decision No. 11511 in the Official Gazette No. 33307 on 11 July 2026, approving the list of jurisdictions that have implemented key elements of the global minimum tax framework. The Decision, issued by the

Turkey's Tax Administration has issued General Communiqué No. 26, providing final guidance on the corporate income tax amendments introduced by Law No. 7577 and Law No. 7582. The Communiqué, which entered into force on 4 July 2026, confirms the

Turkey's Tax Administration has extended the deadline for filing and paying the Global Minimum Top-up Corporate Tax for the 2024 fiscal year. The extension was announced in Circular No. 203/2026-9 on the Tax Procedure Law on 26 June 2026. Using