By Article 36 of the Law dated 28/7/2024 and numbered 7524, the following Article 32/C titled “Domestic minimum corporate tax” has been added to the Corporate Tax Law in Türkiye.
The corporate tax calculated by taking into account the provisions of Articles 32 and 32/A of the Corporate Tax Law cannot be less than 10% of the corporate income before deducting discounts and exemptions.
Minimum tax provisions will not be applied for corporate taxpayers exempt from corporate tax and corporations starting their activities for the first time for 3 accounting periods starting from the accounting period in which they start their activities.
For example, a company established in 2025 will not be subject to minimum corporate tax in 2025, 2026 and 2027.
For a company established in 2023, minimum tax will not be applied in the 2025 accounting period, and for a company established in 2024, minimum tax will not be applied in the 2025 and 2026 accounting periods
Source: Revenue Administration of Republic of Türkiye
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