Amendments introduced to the Tax Legislation through the Omnibus Bill No. 7226

Through the promulgation of the Law Amending Some Laws No. 7226 (Law), published in the Official Gazette dated 26th March 2020 and No. 31080 (repeated), two important amendments are made in the tax legislation.

Accommodation Tax

The application date of the accommodation tax is postponed to 01.01.2021.

Income Tax (Security Income)

It is decided that the exchange rate difference will not be taken into consideration in determining the amount of the incomes obtained from the pension investment funds established in foreign currency, in which the contribution payments made in foreign currency are deposited.

You may find the full text of the Law here.