Through the Law no.7194 published in the Official Gazette dated 7 December 2019; certain amendments had been made to the implementation of reduction for compliant taxpayers. The most important among those was the removal of the requirement that the taxes accrued on the tax returns be paid within the statutory period and the introduction of the condition that “the taxes accrued on the tax returns be paid as of the submission date on which the reduction will be calculated”.
Detailed explanations were made on the conditions for benefiting from the reduction for compliant taxpayers within the scope of the amendments made with the Law no. 7194 within the Income Tax General Communique series no.312 published in the Official Gazette dated 27 May 2020.
The aforementioned Communique is enacted as of its publication date to be effective from 1 January 2020.