Exit Tax for International Travel Raised to 500 Lira: Annual Increases to Continue

The Turkish Grand National Assembly (TBMM) has approved a regulation raising the exit tax for international travel to 500 lira and stipulating that this tax will increase annually based on the revaluation rate. Under the new regulation, the exit tax for traveling abroad will be adjusted every year according to the revaluation rate.

Additionally, the law that introduces changes to the Tax Laws and several other regulations will also amend the Corporate Tax Law. The global minimum supplementary corporate tax rate will be set at 15%. Public employees will receive a collective bargaining bonus based on the monthly union dues deducted from their salaries.

The law includes 8 new provisions concerning tax and social security regulations.