Details on exemptions, computations, and compliance requirements
The Ministry of Treasury and Finance on February 11, 2025, issued an updated guide on taxation of business income under the Income Tax Law. It details tax obligations, exemptions, income calculations, and compliance requirements for individuals in commercial activities.
The Ministry of Treasury and Finance on February 10, 2025, also issued an updated guide on the simple method of taxation of business income governed by the Individual Income Tax Law (IITL). It provides clarity on the conditions for eligibility, tax computation, reporting requirements, and best practices for transitioning between simple and real taxation methods.
For further information, contact a 乐鱼(Leyu)体育官网 tax professional in Turkey:
Erdem Erdem |聽erdemerdem@kpmg.com
艦aban Atu莽uran |聽satucuran@kpmg.com