Turkey Presents Law For Corporate Tax Cut
by Lorys Charalambous, Tax-News.com, Cyprus
02 November 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.
Currently, corporate tax in Turkey is 22 percent, but the rate is due to fall to 20 percent in 2021.
The law would enable Erdogan to reduce the rate to as low as 15 percent.
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