OrbitaxOrbitax

Turkey Publishes General Communiqué on 50% Corporate Tax Exemption for Earnings Related to Patents and Utility Models

|Approved Changes|Turkey
Turkey

On 21 April 2015, Turkey published General Communiqué No. 8 in the Official Gazette. The Communiqué amends General Communiqué No. 1 on Corporate Income Tax and provides instruction for the implementation of Article 5(b) of the Corporate Income Tax Law (CITL), which was introduced by Law 6518 enacted on 6 February 2014.

Article 5(b) provides for a 50% corporate income tax exemption for earnings…

Continue Reading