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Under Turkey’s General Communiqué No. 323 on Individual Income Tax,1 the individual income tax brackets for 2023 and income tax return thresholds have been updated based on the revaluation rate (122.93 percent) determined for the tax year 2022.
10 lut 2023 · Under Turkey’s General Communiqué No. 323 on Individual Income Tax, 1 the individual income tax brackets for 2023 and income tax return thresholds have been updated based on the revaluation rate (122.93 percent) determined for the tax year 2022.
The tax proposal sent to the Parliament on 5 July 2023 includes the following major changes: Corporate income tax rate. For companies other than those in the financial sector the corporate tax rate is increased from 20 percent to 25 percent with effect from 1 January 2023.
24 kwi 2023 · Turkish inflation will dip to 46.4% by end-2023, a Reuters poll showed on Monday, while the policy rate is seen rising to 24% next quarter after upcoming elections that pose the greatest...
The Income tax rates and personal allowances in Turkey are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Turkey Tax Calculator 2023.
Tax Rate. General VAT rate in Turkey isset at 20% (since July 2023). Reduced Tax Rate. Examples of goods and services taxable at 1%: newspapers and magazines, basic foodstuffs, and used passenger cars.
A draft law presented to the Turkish Parliament for enactment proposes numerous amendments in the Turkish tax law. Included are proposals to: Increase the current 20% standard corporate income tax rate to 25%.
