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Turkey Considering Corporate Tax Rate Cuts in 2021 — Orbitax Tax News & Alerts

According to recent reports, the Turkish government is considering a cut in the corporate income tax rate. Currently scheduled to be reduced from 22% to 20% in 2021, the government is considering a further cut to between 15% and 18%. The government is also considering a separate reduced corporate tax rate for SMEs. Additional details will be published once available.

Note, the standard corporate tax rate was increased from 20% to 22% in 2018, 2019, and 2020.