- Turkey has introduced a draft Omnibus Law to amend the Special Consumption Tax Law, Free Zones Law, and Departure Tax
- The amendments aim to simplify regulations and enhance the business environment
- Special Consumption Tax Law amendments focus on certain goods to streamline tax regulations
- Free Zones Law amendments aim to streamline operations in free zones and attract more foreign investment
- Departure Tax amendments aim to update tax rates and mechanisms to support tourism and travel infrastructure
- Overall, the amendments are part of Turkey’s efforts to modernize tax laws and improve the business climate
- Businesses operating in Turkey should monitor these developments and seek advice from tax professionals and legal advisors.
Source: rtcsuite.com
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Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
