With Law No.7316 about changes on the Procedure for the Collection of Public Receivables and Other Laws published in the Official Gazette dated 22.04.2021 and numbered 31462 the corporate tax rate has been increased to 25% for the 2021 fiscal year and 23% for the 2022 fiscal year.
Provisional Article 13 has been added to the Corporate Tax Law No. 5520 with Article 11 of the No. 7316 law. In the article; “The rate of 20% in the first paragraph of Article 32 of this Law is going to be applied as 25% for the corporate earnings of the 2021 taxation period and 23% for the corporate earnings for the 2022 taxation period. These rates are applied to the earnings for the accounting periods starting in the relevant year for the institutions with a special accounting period.”
Click to reach the text of this law.