The Parliament has accepted a law 6639 entitled “notional interest deduction” on 7th April 2015. This new law gives a tax incentive for cash capital contribution increases, effects after 1st July 2015. Excluding those operating in the finance, banking, and insurance sectors, this law also gives a 50% deduction of tax interest for Turkish Capital Corporations to be calculated over cash capital increases.
DTA between Nigeria and Spain enters into force
Related Posts
Turkey introduces 5% tax reduction for compliant taxpayers
Turkey’s Tax Administration has issued guidance on a 5% tax reduction available to compliant taxpayers for the 2026 filing period. The incentive applies to individuals earning business, agricultural, or professional income, as well as most
Read More
Zambia: Cabinet approves draft income tax treaty with Turkey
Zambia’s Ministry of Information and Media issued a statement, on 18 February 2026, outlining recent Cabinet decisions, among which was the approval of a draft income tax treaty with Turkey, designed to prevent double taxation and fiscal
Read More
Turkey publishes guidance on individual tax treatment of 2025 investment income
Turkey's Revenue Administration has published an updated guide on the taxation of investment income for the 2025 tax year under the Individual Income Tax Law. The guide covers income from capital, including dividends, interest on bank deposits,
Read More
Turkey outlines taxation of capital gains from sale of real estate
Turkey’s Revenue Administration has issued Guidance No. 583, outlining the taxation of capital gains from the sale of real estate. The guidance details the rules, calculation methods, and declaration procedures for income tax on gains realised
Read More
Turkey extends Q4 2025 advance tax deadlines in areas impacted by earthquakes
The Turkish Revenue Administration has extended the filing and payment deadlines for fourth-quarter 2025 income and corporate provisional tax returns, as announced in Circular VUK-197/2026-3 on 16 February 2026. The new deadline for affected
Read More
Turkey clarifies tax rules for inflation-adjusted investment accounts
Turkey’s Ministry of Treasury and Finance has issued a new Tax Procedure Law Circular (VUK-196/2026-2) on 9 February 2026, outlining how inflation adjustment differences in the Investments-in-Progress account will be treated for tax
Read More