Under the Presidential Decree No. 2.163, an amendment to the Income Tax Law (ITL) was published in the Official Gazette on 30th December 2015 which circulated on 4 January 2016. The amendment contains an increase in the corporate income tax rate from 34% to 40%.
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Read MoreOn 31 August 2020, Government Officially published Resolution SNAT/2020/00057, which introduces exemption from weekly VAT return or VAT payment obligations, weekly VAT withholding returns for large taxpayers in response to COVID-19 pandemic.
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