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Turkish Parliament Enacts Law Amending Various Tax Codes for Businesses Operating Abroad

  • Turkish Parliament has enacted a law that modifies various tax codes
  • The changes affect corporation tax, income tax, tax procedure, value added tax (VAT), special consumption tax, excise tax, and more
  • The submission and payment date for Reverse Charge Value Added Tax (RCVAT or VAT2) return will be changed
  • The President is given the authority to abolish or reintroduce the right for VAT refund and restrict the goods or services eligible for refund.

Source: globaltaxnews.ey.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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