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Turkey Consulting on Draft Guidance for 10% Interest Deduction Limitation Rules

|Approved Changes|Turkey
Turkey

Turkey's Revenue Administration has announced the publication of a draft communiqué for consultation that provides guidance and several examples for the application of the interest deduction limitation rules recently implemented by Presidential Decree No. 3490 of 3 February 2021. The limitation rules, which are effective from 1 January 2021, essentially provide that where the debt of a taxpaye…

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