Turkey Tax Agency Seeks Comments on Proposed Amendments to Corporate Tax General Communique

The Turkish Revenue Administration June 4 opened a consultation on Draft Corporate Tax General Communique No. 26, regarding amendments to Corporate Tax General Communique No. 1. The draft communique includes measures to: 1) expand corporate tax exemptions for production activities in free zones to include sales within and between free zones, in addition to exports; 2) remove certain corporate tax exemptions for foundation university institutions, requiring tax liability registration from January 1, 2027; 3) clarify that foreign trade profits are taxable corporate income, and deny deductions for income not transferred to Turkey within the filing deadline; 4) allow deductions of ...