EYTurkey issues guidance on financing expense deduction restriction, taxation of share buybacks and reduced income tax rate for publicly held companies
|Tax Alerts, Legislation & Policy, Na ...|Turkey
On 25 May 2021, Communique No.18 (the Communiqué) regarding Amendments to the General Communiqué No.1 of the Corporation Tax Code was published in the Official Gazette. The Communiqué contains explanations on implementation of the restriction on the financing expense deduction, taxation of share buyback disposals, reduced corporate income tax (CIT) rate to be applied for corporations traded for th…
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