Turkey: Reduced exemption rate for corporations for gains derived from sales of certain assets
Exemption rate reduced from 75% to 50%
Presidential Decision No. 9160 reduced the exemption rate from 75% to 50% for gains derived from the sale of certain assets under article 5(1)(e) of the Corporate Income Tax Law No. 5520.
For more information, contact a KPMG tax professional in Turkey:
Beyza Özsoy | bozsoy@kpmg.com
Celal Küpeli | ckupeli@kpmg.com