Turkey legislates Omnibus Law including corporate tax measures
24 January, 2019
Turkey has published Omnibus Law No. 7161 of 17 January 2019 in the Official Gazette and numbered 30659. The Omnibus Law includes the following corporate tax measures:
As from 18 January 2019, existing rules on reduced rates for investment expenditure on manufacturing were extended until 31 December 2019. Consequently, the rate of corporation tax law (CITL) for investment expenditure, which includes an investment certificate for manufacturing, will remain 70%, 80% and 100% in 2019 depending on the province and the investment amount (Article 23 (A) (2) (b) of the corporation Tax Act). In addition, the President was given the power to extend the application period for certain or all investments by up to five years.
With effect from 1 January 2019, the corporation tax exemption for proceeds from the sale of product certificates issued under license Act No 5300 for agricultural products was extended until 31 December 2023.
The Turkish Revenue Administration announced the release of Tax Procedure Law Circular No. 203 on 29 June 2026, which extends the filing deadline for Global Minimum Supplementary Corporate Tax Returns for the 2024 fiscal year. As per the Tax
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Turkey's Revenue Administration, on 19 June 2026, published an updated Accommodation Tax Guide, providing revised explanations and examples on the application of the Accommodation Tax (Konaklama Vergisi) following a temporary reduction in the tax
Turkey's Revenue Administration has announced, 1 June 2026, that the Global Minimum Supplementary Corporate Tax Return is now available through the Digital Tax Office for the 2024 accounting period. The return is used to report and pay Pillar Two
Turkey has approved the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA), reinforcing its participation in the international framework supporting the global minimum
Turkey’s Revenue Administration has announced the publication of Presidential Decision No. 11396 on 6 June 2026, approving the ratification of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA). The GIR
