Turkiye enacts and publishes amendments to various tax laws for corporations and individuals, including Pillar Two legislation
Law No. 7524 (the Law) was published in the Official Gazette dated 02 August 2024, as adopted by the General Assembly of the Turkish Parliament, with minor amendments. The new Law broadens the scope of certain exemptions and deductions that will not be taken into account for the calculation of Turkish domestic minimum tax (yurt içi asgari kurumlar vergisi).
Further, the Law implements several new r…
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