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Turkey: Reduced exemption rate for corporations for gains derived from sales of certain assets

Exemption rate reduced from 75% to 50%

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December 30, 2024

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

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