Turkey: Corporate tax rate; tax changes | KPMG | GLOBAL
close
Share with your friends

Turkey: Corporate tax rate; tax changes for communications, finance sectors

Turkey: Corporate tax rate; tax changes

In Turkey, the rate for corporate income tax is scheduled to increase to 22% (up from 20%) for the tax periods 2018, 2019, and 2020. However, the Council of Ministers is authorized to reduce the 22% rate to a rate as low as 20%.

1000

Related content

Changes to the excise tax rate under the special communications tax and an exemption from the “banking and insurance transaction tax” for gains realized from futures and options contract transactions are effective beginning 1 January 2018. Tax relief is also provided with respect to certain income realized from real estate properties and participation shares, as well as an exemption from value added tax (VAT) for the transfer and delivery of real estate properties and participation shares to banks in connection with certain borrowings or guarantees.

The special communications excise tax rate will be:

  • 25% for mobile electronic communications
  • 15% for radio and television broadcasting services via cable or satellite platform
  • 5% for wired, wireless or mobile internet service providers
  • 15% for other electronic communication services

 

Read a December 2017 report [PDF 201 KB] prepared by the KPMG member firm in Turkey

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit