Turkey Publishes Tax Plans for 2016

The Turkish government has recently published its proposed tax plans for 2016. The measures being considered are primarily aimed at simplifying and improving compliance, including:

• A new income tax regime that would apply for both individual and corporate taxpayers;
• Measures to reduce compliance costs and streamline tax dispute resolution;
• The introduction of a voluntary adjustments process with reduced penalties; and
• Measures to protect taxpayers' rights.

Measures are also being considere…