Turkey released the Real Estate Tax Law General Communiqué No. 86 on 30 December 2024  in the Official Gazette, which updates the Valuable Housing Tax Brackets for the year 2025.  The purpose of this Communiqué is to provide explanations

The Turkish government has announced increased tax penalties effective from 1 January 2025, detailed in General Communiqué No. 577 and published in Official Gazette No. 32768 on 30 December 2024. These adjustments are based on a 43.93%

The Turkish Official Gazette published Communique No. 53 on 30 December 2024, which outlines changes to the VAT refund threshold subject to the reduced VAT rate for 2025. According to the new regulation, the VAT refund threshold has been

Turkey released VAT General Communiqué No. 53, Number: 32768 (2nd Duplicate) in the Official Gazette on 30 December 2024, updating the VAT refund limit for transactions subject to reduced VAT rates. The refund cap for the 2025 tax year has been

Kuwait's Ministry of Finance announced on X that a supplementary domestic minimum top-up tax (DMTT) for large multinational enterprises (MNEs) has been introduced through Decree No. (157) of 2024 on 30 December 2024. The Decree is designed to

Turkey has announced an extension of income tax withholding incentives for employees in technology development zones and R&D or design centers. According to Presidential Decision No. 9368 on 27 December 2024, employees working outside these