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Ever changing Corporate Tax Rate in Turkey

Though the tax year already started with 20%, based on Law No 7316, as of today, 2021's (current year) corporate tax rate has been increased to 25%

Turkey applied 22% corporate income tax rate for the years of 2018 - 2019 and 2020

Based on previous legislation, 2021's income tax came down to 20% but as mentioned above, a new Law passed which foresees;

2021 corporate income tax as 25% and

2022 corporate income tax as 23%

Keep safe until next amendment!


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