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Taxation Law


The Procedures and Principles of Asset Repatriation Law No. 7417

With the Law No. 7417 (In Turkish) published in the Official Gazette dated 05.07.2022 and numbered 31887, a new asset repatriation regulation has been added to the Corporate Tax Law (In Turkish) with a temporary article 15, and the details on the regulation have been shared in our article dated 13.07.2022.

Regarding the new regulation, a GENERAL COMMUNIQUE (SERIAL NO: 1) published in the Official Gazette dated 09.08.2022 and numbered 31887. With this Communique, the procedures and explanations has been shared.

The explanations can be summarized as below:

Written by Selma Kıy, Posted in Taxation Law


Update on R&D and Technology Region Incentives

With the Official Gazette dated 21.07.2022 and numbered 31899; a Presidential update has been published with regards to the employees working remotely under the scope of technology development and R&D regions.

With that decision; the income tax incentive time rate that is applied for the time performed outside of R&D and technology development regions, will be applied as 75% until 31.12.2023 for the R&D and technology development employees.

Based on that, the Presidential decision dated 16.01.2021 and numbered 4625 has been abolished.

Written by Erdoğdu Onur Erol, Posted in Taxation Law


2022 II. Period Travel Expense Amounts Exempt from Income Tax

In accordance with the letter of the Ministry of Treasury and Finance, General Directorate of Public Financial Management and Transformation dated 04.07.2022 and numbered 27998389-010.06.02-1342135, the expense limits exempt from income tax for the period of 1 July 2022 - 31 December 2022 has been announced.

The Tax-Exempt Amounts of Domestic Travel Expenses

The tax-exempt amounts of domestic travel allowances for the period of 01 July 2022 and 31 December 2022 are as below.

Written by Erdoğdu Onur Erol, Posted in Taxation Law


Regulations Made in Tax Laws with Law No. 7417

Some regulations have been made on some tax laws with the Law No. 7417 (In Turkish) and Law no: 375 published in the Official Gazette dated 05.07.2022 and numbered 31887.

The summary of the regulations is as below:

1. The regulations on AATUHK No. 6183 (Law Regarding the Collection of Public Receivables)

With the amendment made in Law No. 6183 (In Turkish), the indefinite letters of guarantee, which are accepted as collateral and given by banks, would also need to be unconditional.

In addition to bank letters of guarantee, indefinite and unconditional bail bonds given by insurance companies will also be accepted as letters of guarantee.

The regulation entered into force on 05.07.2022.

Written by Selma Kıy, Posted in Taxation Law

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