Turkiye's Constitutional Court rejects the annulment requests for 'Additional Tax' applied on certain 2022 exempted income
A Constitutional Court decision, published in the Official Gazette dated 19 April 2024, concludes that Turkiye's "additional tax" conforms with the Constitutional Law in Turkiye.
Background
To raise tax revenue following a series of earthquakes in February 2023, the Turkish Parliament introduced a rule in March 2023 under Law No. 7440 that imposed a one-time additional 10% tax on certain exemptions …
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