Following the local elections on March 31, 2024, the tightening policies in fiscal policy accelerated. The Omnibus Law Proposal includes new regulations concerning almost every sector.

• A "local minimum corporate tax application" is foreseen for resident companies in Türkiye.

Corporate Tax will not be less than the minimum tax calculated as 10% of the corporate income before deducting discounts and exemptions, or the higher of the minimum tax calculated as 10% by accepting 2% of the declared revenue as the tax base.

According to the Circular dated July 5, 2024 and numbered 27998389-010.06.02-3248709 published by the Ministry of Treasury and Finance with the subject 'Financial and Social Rights', the coefficients used to calculate the wage of a public officers have been revised effective July 1, 2024.

Income Tax Exempted Child Support

According to the Circular dated July 5, 2024 and numbered 27998389-010.06.02-3248709 published by the Ministry of Treasury and Finance with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a public officers have been revised effective July 1, 2024.

Property Tax

Property tax is a kind of tax that needs to be paid by owners of real estate such as land, estates, workplace, houses etc. For the properties owned by deed; The person, in whose name the deed has been issued, is the owner of the property and thus liable to pay for real estate tax.

This tax is paid as two equal installments each year. The first payment is made in March, April, or May and the second payment is within November.