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Turkey News

US Withdraws From International Digital Tax Talks

by Mike Godfrey, Washington

Last updated 8 hours ago | 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US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD.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


Turkey Props Up Airlines Impacted By COVID-19 With VAT Relief

by Lorys Charalambous,, Cyprus

Monday, March 30, 2020

On March 23, 2020, the Turkish Government published a resolution in the official gazette to temporarily reduce the rate of VAT on air passenger transport to one percent. Read Full Story


Turkey Introduces New Digital Services Tax

by Ulrika Lomas,, Brussels

Tuesday, March 3, 2020

On March 1, 2020, Turkey's recently approved tax on certain digital services went into effect. Read Full Story


Turkey Issues Draft Guidance On Digital Services Tax

by Lorys Charalambous,, Cyprus

Thursday, February 20, 2020

The Turkish tax authority has published a draft communique on the application of the digital sales tax, which is set to come into effect on March 1, 2020. Read Full Story


Turkey Cuts VAT On Furniture

by Lorys Charalambous,, Cyprus

Wednesday, January 15, 2020

The Turkish Government has decided to reinstate a reduced rate of value-added tax on supplies of furniture, according to Finance Minister Berat Albayrak. Read Full Story


Turkey Introduces New 40pc Top Tax Rate for Individuals

by Lorys Charalambous,, Cyprus

Wednesday, January 8, 2020

Turkey has published General Communication No. 310 in the Official Gazette, which sets income tax thresholds and rates for 2020. Read Full Story


Turkey Extends VAT Exemption For Machinery

by Lorys Charalambous,, Cyprus

Tuesday, December 31, 2019

On December 24, 2019, a law was published in Turkey's official gazette extending a value-added tax exemption for the purchase of machinery and equipment. Read Full Story


US Considers Retaliation Against French Digital Services Tax

by Mike Godfrey, Washington

Friday, December 6, 2019

The United States may impose additional duties of up to 100 percent on certain French products in retaliation for France's digital services tax, which a newly published report by the US Trade Representative has concluded discriminates against certain US companies. Read Full Story


Turkish Parliament Approves New Top Tax Rate, Digital Services Tax

by Mary Swire,, Hong Kong

Tuesday, November 26, 2019

Turkey will increase taxes on higher earners and introduce a new tax on digital services. Read Full Story


Switzerland To Expand AEOI Network

by Ulrika Lomas,, Brussels

Thursday, June 13, 2019

The Swiss Federal Council has adopted a dispatch on the introduction of the automatic exchange of financial account information with a further 19 partner states. Read Full Story



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