On 27 January 2023, the Draft Law on the Restructuring of Certain Receivables and Amending Certain Laws was submitted to the Turkish Parliament. It includes provisions regarding the restructuring of various public receivables, including customs receivables.
Turkey’s latest measure to tax the digital economy was the introduction of the DST, effective as of March 2020. Turkey’s 7.5% DST covers digital service providers exceeding a global revenue threshold of EUR 750 million and local revenue of TRY 20 million. The tax is mainly applicable to revenue generated from online advertising services, digital content sales/services and digital platform services.
Baker McKenzie’s EMEA Tax Practice Group presented an overview on “Digital Tax”, the third in a series of short webinars to keep tax professionals abreast of recent developments in these less than certain times on 23 June 2020.
Read publication in Turkish Recent Development The Law No. 7138 on the Tourism Publicity and Development Agency (“Law”), published in the Official Gazette No. 30832 dated 15 July 2019, established the Tourism Publicity and Development Agency (“Agency”), a separate legal entity subject to private law except for certain issues specified…