content tagged with tax

New bill introduces corporate tax measures to increase revenue

New bill introduces corporate tax measures to increase revenue

A sweeping new bill will introduce new tax and fee increases for both businesses and individuals.

Highest-ever increase on fuel taxes sparks outrage in Turkey

Highest-ever increase on fuel taxes sparks outrage in Turkey

The recent surge in fuel taxes is anticipated to exacerbate the already high inflationary pressures.

Parliament passes omnibus bill with salary increases, tax hikes

Parliament passes omnibus bill with salary increases, tax hikes

Some of the tax hikes aim to compensate for the financial losses caused by the devastating earthquakes in February, according to the approved legislation.

HDP demands abolishing taxes on basic needs such as medication

HDP demands abolishing taxes on basic needs such as medication

HDP Spokesperson Günay: “The period which saw the highest inflation was March 2002 with 65 percent. With the recent figures, the annual inflation has hit a 20-year high”.

Treasury asks for value added tax on free water in İstanbul

Treasury asks for value added tax on free water in İstanbul

Since 2019, the opposition-led İstanbul Municipality has been offering 0.5 cubic meters of water free of charge per 2.5 cubic meters of water consumed in households. The Ministry of Treasury has dismissed the claims that a ‘tax’ is to be levied on this amount.

14 January 2022

Sharp increase in taxes, fines, fees in Turkey ahead of new year

Sharp increase in taxes, fines, fees in Turkey ahead of new year

Starting from January 1, 2022, the special communication tax, environmental cleaning tax, stamp duty, fees and fines imposed as per the Tax Procedural Law will increase by 36.2 percent. The real estate tax has also increased by 18.10 percent.

22 December 2021

Taxation agreement between Turkey, US

Taxation agreement between Turkey, US

According to the agreement, Turkey will not tax companies such as Google and Facebook above a certain rate. The USA will not increase the tax in the fields of cosmetics and textiles.

23 November 2021

‘Turkey suffers the biggest loss of employment in its history’

DİSK CHAIR ÇERKEZOĞLU

‘Turkey suffers the biggest loss of employment in its history’

After the Minimum Wage Determination Commission determined the minimum wage as 2,825 lira in 2021, the DİSK visited the main opposition CHP and HDP, expressing the confederation's request for exempting the minimum wage from tax cuts.

28 January 2021

Tax payments of closed workplaces postponed

Tax payments of closed workplaces postponed

More than 7,000 businesses, most of them in the food and beverage sector, are said to be unable to pay taxes.

25 January 2021

Turkey further increases taxes on alcoholic beverages

Turkey further increases taxes on alcoholic beverages

Some 12 percent of the government's tax income came from alcoholic drinks and tobacco products last year.