The Turkish Revenue Administration has announced the publication of Law No. 7524 in the Official Gazette on 2 August 2024. The law contains various tax reform measures, including measures for the implementation of the Pillar 2 global minimum tax in line with the GloBE rules approved by the BEPS Inclusive Framework. This includes a domestic minimum top-up tax, an income inclusion rule (IIR), and an undertaxed profits rule (UTRP) that apply to MNE groups with annual group revenue exceeding the Turkish lira equivalent of EUR 750 million in at least two of the four preceding accounting periods (years). The domestic...