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New decree adds additional tax burden for companies with foreign-currency expenditures, such as energy

24/06/2020

Presidential Decree no. 2568, which increases the tax rate for banking and insurance transactions in foreign currency from 0.2% to 1%, was issued and published in the Official Gazette on 24 May 2020.  This Decree amends the Supplemental Decision of Council...

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Authors

Levent Bilgi