Turkey Finalizes Implementing Rules for Pillar 2 Global Minimum Tax

The Turkish Revenue Administration has announced the finalization of the General Communiqué containing the implementing rules for the Pillar 2 Global Minimum Tax (GMT), which has been sent to the Presidency for signature and publication. 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 exceedi…