Turkey Consults on Implementing Rules for Pillar 2 Global Minimum Tax

The Turkish Revenue Administration has published a Draft General Communiqué for consultation that contains the implementing rules for the Pillar 2 Global Minimum Tax (GMT). As previously reported, Turkey approved the Pillar 2 GMT rules as part of Law No. 7524, including 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…