Turkey's Revenue Administration has announced the publication of a guide (brochure) on the tax reduction (discount) for compliant taxpayers, which is equal to 5% of the individual income tax or corporate tax liability declared in the annual return. The guide clarifies that the 5% tax reduction is available for:
- Individual (income) taxpayers engaged in commercial, agricultural, and professional activities; and
- Corporate taxpayers, excluding those operating in the finance and banking sectors,…