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Türkiye introduces additional tax for 2022

|Tax Alerts, Legislation & Policy, Na ...|Turkey
Turkey

  • A recently enacted Turkish law adds a tax on corporations for 2022 to help address damage caused by recent earthquakes.

  • Taxpayers affected by the new law will need to become familiar with how it applies to their particular situations.

The Turkish Parliament recently enacted Law No. 7440 (Law), which was then published in the Official Gazette and entered into force on 12 March 2023. Based on a bill entitiled “the Restructuring of Certain Receivables and the Amendment of Some Laws,” the Law includes…