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The corporate tax has been increased.
The corporate tax has been increased.

22.12.2024 01:00

The corporate tax has been increased. With the new adjustment, the tax rate has been raised from 10% to 15%. Additionally, a 1% withholding tax has been introduced on sales made through e-commerce.

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A noteworthy decision was published in today's issue of the Official Gazette. According to the decision signed by President Erdoğan, the minimum corporate tax has been raised to 15%.



WHAT IS CORPORATE TAX?



Corporate tax is a tax levied on corporate profits. Corporations that are subject to corporate tax must have legal personality. Capital companies are considered corporations and are subject to corporate tax. Sole proprietorships do not pay corporate tax.



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