OrbitaxOrbitax

Turkey Clarifies New Anti-Avoidance Rule Based on Average Revenue

|Approved Changes|Turkey
Turkey

The Turkish Revenue Administration has announced the publication of Income Tax General Communiqué No. 326 in the Official Gazette, which includes provisions for the application of certain measures introduced by Law No. 7524. One of the key measures is a new anti-avoidance rule that involves the determination of average daily, monthly, and annual revenue amounts from commercial and professional…

Continue Reading