According to the Presidential Decree No. 9075 published in the Official Gazette on November 1, 2024 and numbered 32709, the income tax rates calculated on interest earned from Turkish Lira Deposit Accounts and dividends paid by Participation Banks have been redetermined.

The following withholding tax rates will be applied to interest and dividends to be paid to accounts opened or renewed between 1 November 2024 and 31 January 2025:

According to the regulation made with the General Communiqué on Tax Procedure Law (Serial No: 572) published in the Official Gazette dated October 18, 2024 and numbered 32696, it is obligatory for non-taxpayers to make all kinds of collections and payments exceeding 7,000 TRY through financial institutions and to certify these collections and payments with documents issued by such institutions.

With the amendment made in the Tax Procedure Law General Communiqué (Serial No: 568) published in the Official Gazette dated September 25, 2024 and numbered 32673 and the Tax Procedure Law General Communiqué No: 456; it has been made compulsory for real person and legal entity buyers to obtain an electronic notification address for the first acquisition of the goods included in the list (II) attached to the Special Consumption Tax Law No: 4760, which are subject to registration.

With the Tax Procedure Law General Communiqué No: 565 published in the Official Gazette dated September 25, 2024 and numbered 32673, the practice of submitting Form BA and Form BS notifications starting from the notifications for the September 2024 period has been terminated.

For the periods prior to the September 2024 period, the enforcement of of the General Communiqué on Tax Procedure Law (Serial No: 362), General Communiqué on Tax Procedure Law (Serial No: 381) and General Communiqué on Tax Procedure Law (Serial No: 396) will continue.