Legislation

22February2019

Communique (Serial No. 17) on Amending the Corporate Tax General Communique (Serial No. 1) Has Been Published

As is known, with the Presidential Decree No. 476 (“Decree”) published in the Official Gazette dated 19.12.2018, payments made for advertisement services offered/mediated for online platforms had been included within the scope of tax withholding. You may access our article here that includes our reviews about the Decree, which entered into force to be applicable for payments to be made after 01.01.2019.

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Taxation Law

22February2019

Amendments on 23 and 24 Serial Numbered VAT General Implementation Communiques

“Communique on Amendment to VAT General Application Communique (Serial no 23)” published in the Official Gazette No. 30687, dated 15.02.2019, and “Communique on Amendment to VAT General Application Communique (Serial no 24)” published in the Official Gazette No. 30692, dated 20.02.2019, entered into force upon having been approved by the Ministry of Treasury and Finance.

The amendments introduced by the communiques no. 23 and 24 are as follows:

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Taxation Law

01February2019

7162 Numbered the Law on Amending the Income Tax Law and Other Laws

7162 numbered “the Law on Amending the Income Tax Law and Other Laws” (the “Law”) is published on 30.01.2019 dated and 30671 numbered Official Gazette. The Law has made some crucial amendments on the Income Tax Law, the Value Added Tax Law, the Corporate Tax Law and the Municipality Incomes Tax Law.

Some important amendments brought with the Law as follows:

1. AMENDMENTS ON THE INCOME TAX LAW (“ITL”)

TRADESMEN EXEMPTED FROM THE TAX

Art. 1 of the Law has made an addition to the ITL. With this addition, the ones that sell online some products produced at home without establishing a workplace shall be in the scope of tradesmen exemption for the income tax. (Effective Date: 30.01.2019)

Author CottGroup Hukuk ve Mevzuat Ekibi, Category Taxation Law

25January2019

Omnibus Law on Introduction of Amendments to Tax Laws and Certain Decree Laws and Laws

“Law No. 7161 on Introduction of Amendments to Tax Laws and Certain Laws and Decree Laws” (the “Law”) was published in the Official Gazette no 30659, dated 18.01.2019. The Omnibus Law made some crucial amendments such as addition of the currency difference to VAT base, having the “difference ratio according to 12 months average of consumer price index” as a basis for determining the leasing increase price, 70% tax exemption in salary payment of private aviation personnel.

Some amendments introduced by the Law are as below:

Category Taxation Law