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Tax Reform Package Submitted in Turkish Parliament

|Proposed Changes|Turkey
Turkey

A package of tax reform measures was reportedly submitted in the Turkish parliament on 1 October 2021. Some of the main measures for companies include:

  • An increase in the notional interest deduction rate for capital increases from 50% of the deemed interest expense to 75% for cash contributions from abroad;
  • The introduction of accelerated depreciation for newly acquired machines and equipment …

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