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Tax

Turkey

As local and international regulations become more prescriptive and enforcement gathers pace, dealing with the evolving tax landscape in a cross-border context presents you with a significant challenge. The number and complexity of tax investigations conducted by authorities is rapidly escalating and the need for tax adjustments is rising accordingly. Our 350 tax lawyers worldwide are supported by strong technical tax intelligence teams that identify developments in tax law and policy affecting your business. This multi-disciplinary approach helps you develop robust structures that maximise tax effectiveness in alignment with your commercial strategy. Given the cross-border nature of today's tax issues, top corporates and financial institutions seek our advice in emerging Europe, including Turkey, given our global tax presence and our in-depth expertise in national tax laws.

Whether you are a financial institution, multinational, fund, investor or high net worth individual, we understand your business and the tax pressures you face. Our teams work together across emerging Europe and beyond in the key areas affecting your business including VAT, international taxation, transfer pricing, e-commerce, M&A and investment funds, tax planning and financing. Our experts can help you manage tax control cases and deal with tax authorities as well as manage tax litigation cases, including challenging tax liability decisions. The right tax advice can make a material difference to transaction costs and, in some cases, avert serious consequences.

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08 February 2021
Tur­key in­tro­duces Valu­able House Tax
The Valu­able House Tax came in­to ef­fect in Tur­key on 15 Janu­ary 2021, after be­ing in­cor­por­ated in­to the Turk­ish tax sys­tem in 2019 as part of the "Law on Di­git­al Ser­vices Tax and Amend­ments to Sev­er­al...
16 January 2021
Tur­key re­struc­tures cus­toms du­ties un­der Law No. 7256
Law­makers in Ank­ara re­cently passed sec­ond­ary le­gis­la­tion to the Law on the Re­struc­tur­ing of Cer­tain Re­ceiv­ables and Amend­ments to Cer­tain Laws No. 7256 (“Law”), which in­tro­duced pro­vi­sions for re­struc­tur­ing...
12 January 2021
Tur­key: The spe­cial con­sump­tion tax rate has been re­de­ter­mined for to­bacco...
The Pres­id­en­tial De­cision No. 3328 (“De­cision”) on the re­de­ter­min­a­tion of the spe­cial con­sump­tion tax rate for sev­er­al products was pub­lished in the Of­fi­cial Gaz­ette No. 31345 on 25 Decem­ber 2020. ...
08 January 2021
Tur­key: Stamp Tax ceil­ing re­vised for 2021
The Min­istry of Treas­ury and Fin­ance en­acted the Gen­er­al Com­mu­nique on Stamp Tax Law No. 65 on 29 Decem­ber 2020, set­ting the ceil­ing amount re­ferred to in Art­icle 14 of the Stamp Tax Law and de­term­in­ing...
07 January 2021
Tur­key ex­tends dead­lines for pub­lic debt re­struc­tur­ing ap­plic­a­tions and...
On 20 Decem­ber 2020, Tur­key en­acted Pres­id­en­tial De­cision No. 3433, which ex­tends the peri­od for ap­ply­ing and mak­ing pay­ments vis-à-vis new re­struc­tur­ing re­gime on re­ceiv­ables con­tained in the Law on...
30 December 2020
Stock sav­ings plan and Brexit: Brit­ish stock and some oth­er fin­an­cial in­stru­ments...
As a res­ult of Brexit, both stock or UCITS by a Brit­ish is­suer are dis­qual­i­fied and some EU-based UCITS funds’ un­der­ly­ing Brit­ish fin­an­cial in­stru­ments may also be so. Such a dis­qual­i­fic­a­tion may lead...
26 November 2020
Tur­key in­tro­duces re­struc­tur­ing pos­sib­il­it­ies for tax­pay­ers
On 17 Novem­ber 2020, Tur­key en­acted the Law on Re­struc­tur­ing of Cer­tain Re­ceiv­ables and Amend­ment of Cer­tain Laws No 7256, which al­lows the re­struc­tur­ing of cer­tain pub­lic re­ceiv­ables and in­tro­duces sev­er­al...
16 October 2020
Tur­key de­creases taxes on for­eign cur­rency bank­ing and in­sur­ance trans­ac­tions
Tur­key has de­creased its Bank­ing and In­sur­ance Trans­ac­tion Tax (BITT) from 1% to its new level of 0.2%.  This tax de­crease to 0.2% was is­sued in Pres­id­en­tial De­cree 3031 pub­lished in the Of­fi­cial Gaz­ette...
08 July 2020
CMS Ex­pert Guide to cli­mate change tax re­forms and in­cent­ives
There is strong evid­ence that the cli­mate is warm­ing.  The Par­is Agree­ments on Cli­mate Change puts the re­spons­ib­il­ity on gov­ern­ments to lim­it glob­al warm­ing and they are ex­pec­ted to un­der­take sig­ni­fic­ant...
25 March 2020
CMS Ex­pert Guide to the law and reg­u­la­tion of Cov­id-19 tax re­lief
In or­der to help busi­nesses deal with some of the eco­nom­ic con­sequences of the Cov­id-19 out­break, gov­ern­ments have taken eco­nom­ic and fisc­al meas­ures to help com­pan­ies man­age their cash flow. And for...
Comparable
July 2020
CMS Tax Glob­al Bro­chure
At the start of the 2020s, the roles of cor­por­ate tax plan­ning and reg­u­la­tion are un­der in­creas­ing scru­tiny as ques­tions of eth­ics and cor­por­ate cit­izen­ship con­tin­ue to rise up the com­mer­cial and trade...
24 January 2020
Tax­pay­ers urged not to miss fil­ing date for law­suits on valu­ation for the...
After the in­tro­duc­tion of the Valu­able House Tax dated 7 Decem­ber 2019 pas­sage of the Om­ni­bus Bill, prop­erty own­ers are sub­ject to a tax on "im­mov­ables" with­in Tur­key val­ued at TRY 5,000,000 (ap­prox­im­ately...