Corporate Income Tax Rate Increased

In brief

Corporate Income Tax rate increases to 25% for the year 2021 and 23% for the year 2022.

In detail

Before this amendment, the corporate income tax rate was 20% for the year 2021. This rate was 22% for fiscal years 2018,2019 and 2020 temporarily.

With the Law no. 7316 amending the Law on Collection Procedure of Public Receivables, published on 22 April 2021, the corporate income tax rate has been increased to 25% for the 2021 fiscal year, and to 23% for the 2022 fiscal year.