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Turkey Amends Personal Income Tax Benefits and Extends Corporate Income Tax Exemption for TRY Accounts

|Approved Changes|Turkey
Turkey

Turkey's Revenue Administration has announced the publication of Law No. 7420 in the Official Gazette on 9 November 2022, which includes various measures in relation to personal income tax benefits. Measures include:

  • An increase in the renewable energy facility, providing an income tax exemption on up to 50 kWh (from 25 kWh) produced and sold by individuals from renewable energy installations…

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