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Turkiye proposes to introduce Pillar Two rules to be effective from 2024

17 July 2024

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Tax Alerts, Legislation & Policy, Na...

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Turkey

A draft bill (Bill) before the Turkish Parliament would amend various tax laws, including global and domestic minimum taxes.The Bill will be enacted as Law upon discussions in the Grand National Assembly and enter into force following the approval of the Turkish President. On 16 July 2024, the Turkish government introduced into Turkish Parliament a draft bill (Bill) proposing amendments to various tax laws, including global and domestic minimum taxes.Article 36 of the Bill proposes a Turkish domestic minimum tax (Turkish DMT - yurt ici asgari kurumlar vergisi). (For more on Article 36, see EY Global Tax Alert, Turkiye proposes draft...