Turkiye: Implemented Law No. 7524 implementing OECD/G20 Pillar Two

On 2 August 2024, Draft Law on Amendments to Tax Laws and Certain Laws (2 / 2290) was implemented. The amendments to Income Tax Law No. 193 and Corporate Income Tax Law No. 5520 introduce a domestic minimum corporate income tax and implement a global minimum corporate income tax per OECD’s Pillar 2 applicable to multinational enterprise groups which meet the applicable thresholds.