On 14 February 2023, Turkey published Decision No. 6791 in the Official Gazette, which sets 0% (reduced from 15%) withholding tax rate for fully liable capital companies acquiring their own shares or partnership shares (buyback shares). The Decision takes effect on the same date of its publication.
Related Posts
Turkey's Revenue Administration has announced an extension for submitting the corporate tax returns for the 2023 accounting period. The standard deadline was set for Tuesday, 30 April, which has been extended to Monday, 6 May
Read More
On 1 April 2024, the Revenue Administration of Turkey announced the beginning of the corporate tax declaration period for fiscal year 2023. Corporate taxpayers can submit their 2023 corporate tax returns electronically through the Digital Tax Office
Read More On 10 February 2024, Turkey’s Revenue Administration published the Tax Procedure Law Circular No. 164 of 10 February 2024. This circular extends the VAT return and payment deadline for taxpayers responsible for VAT deduction. Previously, taxpayers
Read More On 30 December 2023, Turkey announced the publication of the Real Estate Tax Law General Communiqué No. 82 in the Official Gazette. The General Communiqué outlines the amendments to the Valuable Housing Tax Brackets for 2024. This includes the
Read More On 28 December 2023, the Revenue Administration of Turkey announced that it had published Law No. 7491 in the Official Gazette. The main provisions are as follows: New participation exemption rules have been implemented for corporate
Read More On 30 December 2023, Turkey released the Income Tax General Communiqué No. 324 in the Official Gazette, which outlines the new individual income tax rates for 2024. The following tax brackets and rates apply to employment income: Up to TRY
Read More
