Number: 39

Date: 25/05/2021

Title:

Explanations have been made with respect to financing expense limitation, taxation on acquisition of own shares of entities and reduced corporate tax rate in terms of entities whose shares go public.


The following explanations have been made with the Serial No.18 Corporate Tax Communique published on Official Gazette dated May 25, 2021:

- Financing expense limitation,

- Taxation on resident stock corporations in case of acquiring their own shares,

- Application of corporate tax rate in a manner reduced as 2 points for entities go public at least at a rate of 20% to be listed on BIST share market for the first time,

- Application of Corporate tax rate as 25% and 23% in 2021 and 2022 respectively,

The communique has entered into force on its publication date (May 25, 2021).


Our explanations provided above include general information on the issue. No responsibility can be claimed against EY and/or Kuzey YMM ve Bağımsız Denetim A.Ş. due to the implications arising from the context of this document or emerging with respect to its context.
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