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Turkey News - Business, Taxation & Offshore



Turkey Presents Law For Corporate Tax Cut

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, November 2, 2020

The Turkish Government has submitted a bill to parliament that would allow the president to reduce the rate of corporate tax by up to five percentage points. Read Full Story


Turkey Cuts Tax On Forex Transactions

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, October 5, 2020

Turkey has reversed an increase to the country's Banking Insurance Transaction Tax (BSMV) on foreign currency and gold purchases. Read Full Story


Turkey Cuts VAT On Education Services

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, September 7, 2020

Turkey has temporarily lowered the rate of VAT on the supply of education and training services. Read Full Story


Turkey Temporarily Reduces VAT Rates

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, August 7, 2020

On July 31, 2020, a presidential decree was published in Turkey's official gazette providing for a temporary value-added tax cut across numerous sectors. Read Full Story


US Businesses Urge Against Starting A Digital Tax 'Trade War'

by Mike Godfrey, Tax-News.com, Washington

Friday, July 24, 2020

The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized economy, rather than tackling countries' unilateral responses.Read Full Story


US Withdraws From International Digital Tax Talks

by Mike Godfrey, Tax-News.com Washington

Friday, July 3, 2020

US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD. Read Full Story














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