This guide has been produced to assist those who consider investing in Turkey. It aims to provide a broad outline on general taxation system in Turkey. It reflects the current tax law or practices in Turkey as of April 2006.
We would like to inform the readers that, on 31 January 2006, the Ministry of Finance published the draft of the new Corporate Income Tax Law (Referred to as “the draft law” in the publication) that will replace the current Corporate Income Tax Law numbered 5422. The draft law will introduce extensive amendments including regulating formerly ambiguous issues such as transfer pricing and thin capitalisation in line with worldwide applications; together with introducing new provisions such as controlled foreign company applications and anti-tax haven regulations. The planned amendments will be explained in detail in the related chapters of this booklet.
