ANKARA (IGFA) – The bill, which aims to increase the fairness and effectiveness of taxes, was passed by the General Assembly of Parliament.

The scheme increased the minimum pension from ten thousand lire to 12,500 lire. 3 million 703,788 pensioners will benefit from the application.

The regulation strengthens the fight against unregistered activities and imposes tougher penalties.

Therefore, there will be more than 4,000 tax inspectors working in the field all year round. Deterrent fines will be imposed on those who use the other’s IBAN or POS device.
Regulation of foreign costs

With the scheme, the compensation for going abroad will be 500 lira. This measure will increase every year according to the tax rate.

The proposal also updates the basic corporate tax. The minimum domestic corporate tax will be 10 percent.

International companies must pay 15 percent tax on the profits they make in Turkey.

The proposal was accepted and became law. https://t.co/WnGdXrmnNJ

— Turkish Grand National Assembly (@TBMMGeneralKurulu) July 27, 2024

CLICK HERE for more information about the bill.