The Period of VAT Reduction on Accommodation Services has been re-extended
Through the promulgation of the Presidential Decision no. 4105 (“Decision”), published in the Official Gazette dated 22th June 2021, the application period of the reduced VAT rate of 1% applied for accommodation services provided within hotels, motels, hostels, holiday camps and similar rest areas is extended until 31th July 2021 (including this date).
You may find the full text of the Decision here.
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VAT Rate Applicable to Education Services Provided in Private Schools and Universities is Reduced to 1%
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New Taxation Rules were introduced for Share Buybacks
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Procedures and Principles regarding the Wealth Amnesty were determined
The Revaluation Rate was determined as 9,11 % for 2020
The Liability for Valuable House Tax will be effective as of 2021
Extension of the Period Designated for Submission of the First Country by Country Report
The Duration of VAT Rate Discounts on Certain Goods and Services is Extended
The Upper Limit of Stamp Tax to be Applied in 2021 was determined
Income Tax Tariffs Applicable on Remunerations and Income Other than Remunerations Acquired in 2021 were determined
The Communiqué on the Procedures and Principles Regarding Valuable House Tax was published
Special Communication Tax Rate was increased to 10%
VAT in Urban Transformation was reduced to 1%
SCT Rates on Electric Cars were increased
Tax Regulations Regarding Technopolis and R&D Centers
Withholding Rate of Long-term Construction and Repair Business was increased
Limitation on Financing Expense Deduction is Back
Special Communication Tax as Deductible Expense
Amendments to Regulation on the Conciliation Before Assessment
The Period of VAT Reduction on Overnight Services in Accommodation Facilities Has Been Extended for 1 Month
SCT Amounts Imposed on Some Fuel Products Have Been Increased
The Corporate Tax General Communiqué No. 18 is Published
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Obligation of Ultimate Beneficial Owner Declaration for Corporate Taxpayers and Certain Persons
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The Period of Withholding Rate Reductions on Real Estate Rentals is Extended to September 30th
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