Turkey has adopted a number of tax reform measures for 2018 as introduced under Law No. 7061 of 28 November 2017, which was published in Official Gazette on 5 December 2017. Some of the key changes include:

• An increase in the corporate income tax rate from 20% to 22% for all companies in 2018, 2019, and 2020;
• A reduction in the tax exemption for capital gains from the sale of immovable property held for at least two years from 75% to 50%;
• The introduction of VAT registration and payment requirements for non-resident providers of e-services to Turkish resident individuals not registered for VAT;
• The repeal of advance pricing agreement application and renewal fees;
• A reduction in the special communication tax rate to 7.5% for all services (previously ranged from 5% to 25%); and
• A number of changes regarding the taxation of cooperatives, including the introduction of a 15% tax on dividends received by exempt cooperatives from participations in resident entities with full taxpayer status.

Click the following link for Law No. 7061 (Turkish language) as published.