Macro Analysis /

Turkey: Parliament passes proposal of corporate tax hike in 2021-2022

    16 April 2021
    • Corporate tax rate set to be 25% in 2021, and 23% in 2022, compared to original rate of 20%
    • Tax hike to be effective as of Jan 1 but additional tax to be collected as of Jul 1
    • Move places upside risks to budget plan target of TRY 105.2mn corporate tax income in 2021