Strengthening Tax Justice
The new tax reform package prepared by the Ministry of Treasury and Finance focuses on strengthening tax justice. In this context, a new tax model has been created to eliminate the inconsistencies between corporate taxpayers’ income and earnings declarations and their ability to pay.
- The income to be declared by corporate taxpayers cannot be less than the determined rates and minimum corporate tax will be applied.
- The minimum corporate tax to be paid can be offset in the periods when high tax is required in the following accounting periods.
- The rights of taxpayers who invest within the scope of the investment incentive certificate will be protected and taxpayers who start new jobs will be exempt from minimum tax for 3 years.
Tax Regulations for Capital
Browse Posts
The reform package also includes tax implications for capital. It is aimed to ensure tax justice and efficiency by introducing minimum corporate tax, especially on multinational companies.
- Minimum corporate tax will be collected from multinational companies and the global minimum corporate tax model will also be applied in Turkey.
- An increased corporate tax rate will be applied to the profits obtained from investment projects and will contribute to strengthening tax justice.
Minimum Income Tax Application
Minimum income tax is introduced to ensure tax compliance for income taxpayers. Minimum income tax will be calculated in line with the rates determined for the earnings actually taxed.
- The earnings declared by taxpayers cannot be less than certain rates and minimum income tax will be applied.
- Taxpayers who start new jobs will be exempt from minimum tax for 3 years.
