An additional earthquake tax was introduced to corporate taxpayers with a bill passed by the Turkish Grand National Assembly. It will not be possible to avoid the earthquake tax, which will be applied in two installments, or to offset it with other expenses.
which occurred on February 6, 2023 and caused the death of more than 50 thousand of our citizens. Kahramanmaraş-centered earthquakes There has been a new development. In the Turkish Grand National Assembly (TBMM), taxpayers who are subject to corporate tax additional tax imposed. This additional tax for the earthquake will be a one-off.
According to the regulation adopted by the Turkish Grand National Assembly, corporate taxpayers are entitled to tax exemptions and deductions in 2022 and their bases subject to reduced corporate tax. 10 percent tax they will pay. In addition, the exemption income obtained from abroad with corporate tax exemptions and which is determined to have a tax burden of at least 15 percent. up to 5 percent additional tax will be applied.
It will not be possible to offset the additional earthquake tax
Companies can balance the taxes they have to pay with different expenses, i.e. they can offset. However, there will be no such thing in the additional earthquake tax. All companies covered will have to pay this tax. With taxpayers in 11 provinces declared earthquake zones and in Gürün district of Sivas. will be excluded, Other taxpayers will be determined in the coming days.
Businesses to be included in the scope of additional earthquake tax, in two installments they will pay. The first of these installments will be the legal payment period of corporate tax. The second installment will be paid as of the fourth month following the due date of corporate tax. With this additional tax exceeding billions of dollars Fundraising is expected.
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Source :
https://www.dunya.com/gundem/kurumlara-deprem-vergisi-geliyor-yuzde-10-kesinti-yapilacak-haberi-687760