The Turkish Official Gazette Nov. 9 published Law No. 7420, amending income tax measures. The law includes measures: 1) increasing the tradesman tax exemption limit for self-generated home electricity to 50 kW from 25 kW; 2) exempting employee meal expenses paid in cash; 3) exempting salaries paid from employers’ foreign earnings to employees working abroad in construction, repair, installation works, and technical services; 4) clarifying the taxation of company capital reductions; 5) extending the corporate tax exemption to Dec. 31, 2023, for converting foreign currency and gold account balances into Turkish lira deposit and participation accounts; and 6) exempting monthly ...

To read the full article log in.

To learn more about a subscription click here.

Read Full Story: https://news.google.com/__i/rss/rd/articles/CBMiVmh0dHBzOi8vbmV3cy5ibG9vbWJlc...