Corporate Tax

Turkey’s ruling AK get together is proposing to boost corporate tax to 25% by 2021

FILE PHOTO: FILE PHOTO: A man walks to the entrance of the OzdilekPark shopping mall in the Levent business and financial district in Istanbul, Turkey, Sept. 8, 2020. REUTERS / Murad Sezer / File Photo

ISTANBUL (Reuters) – President Tayyip Erdogan’s ruling AK Party presented a bill to parliament on Friday proposing to raise corporate income tax in Turkey from 20% to 23% in 2022 to 25% this year.

The draft also includes support for restaurant and cafe workers in April and May after new restrictions were put in place to contain the spread of the coronavirus.

Reporting by Tuvan Gumrukcu and Nevzat Devranoglu; Letter from Ezgi Erkoyun; Adaptation by Gareth Jones

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