Business

Corporate tax in the financial sector rises to 25%

According to the bag bill submitted to the Parliament by the AK Party, corporate tax is increased to 25% for companies operating in the finance sector.

It was proposed to increase the corporate tax from 20% to 25% for the financial sector.

In the bag bill submitted by the AK Party to the Parliament, the corporate tax rate is increased to 25% for banks, factoring and leasing companies, electronic payment and money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies and pension companies.

The 25% rate will apply to 2022 earnings.

Source: NTV / Translated by Irem Yildiz

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