Corporate Tax Rate Discount for Some Institutions Whose Shares Are Offered to the Public for the First Time

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As per Article 35 of the Law No. 7256 on Restructuring of Some Receivables and Amending Some Laws (“Law No. 7256”), published in the Official Gazette dated 17th November 2020 and No. 31307, for the institutions at least 20% of whose shares are offered to the public to be traded in Borsa Istanbul Equity Market for the first time, the corporate tax rate will be applied at a 2 point discounted rate for 5 accounting periods starting from the fiscal period during which their shares are offered to the public for the first time. 

However, the above mentioned discount on corporate tax rate is not applicable for banks, leasing companies, factoring companies, financing companies, payment and electronic money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies and pension companies. 

  • You may find the full text of the Law No. 7256 here.

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