Dividend Withholding Tax Rate is Increased

New Corporate Income Tax Code (numbered 5520) is introduced

Late payment interest has been decreased to 2,5% per month.

The Change Made to Income Tax Code and Tax Procedural Code by the Code numbered 5479.

The Code numbered 5479 which made changes to the Turkish Tax Codes become effective as by promulgation of Official Gazette dated April 8, 2006 and numbered 26133.