Actuel

Minimum Labor Calculation for Private Constructions in Case of Building Class Change and Partial Completion

TAX CIRCULAR: 2026-118 // Pursuant to the SGK General Letter, for constructions whose building class and group changed due to project revisions, calculations will be based on the updated class unit costs of the relevant years. In multi-block constructions, even if a partial clearance certificate is requested for only one block, the settlement inspection will take into account the completion levels of all finished sections within the file.

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Communique Regarding the Procedures and Principles of Electronic Notification in Taxation Transactions Published

TAX CIRCULAR: 2026-115 // With the amendment made to Article 107/A of the Tax Procedure Law by Law No. 7587 dated June 24, 2026; the obligation to use the electronic notification system has been introduced for corporate tax payers, income tax payers taxed on real basis due to their commercial/agricultural/professional earnings, collective and ordinary limited partnerships, and those on whose behalf a registration is made in the first acquisition of goods subject to registration and registry in the list numbered (II) attached to the SCT Law (motor vehicles). The procedures and principles of the application have been determined with the VUK General Communique No. 596, and the e-Notification system will continue to operate through the Digital Tax Office in its current form. Obligors who were not included in the system before 11/10/2026 must be included in the system by 30/11/2026.

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The Period for Not Considering Lease, Depreciation, and Personnel Expenses, as well as Foreign Exchange Losses, in Capital Loss or Technical Insolvency Calculations Has Been Extended

TAX CIRCULAR: 2026-113 // In the calculations regarding the capital loss or technical insolvency situation within the scope of Article 376 of the Turkish Commercial Code No. 6102; the application period allowing the entire foreign exchange losses arising from unfulfilled foreign currency obligations and half of the total of certain expenses (lease, depreciation, personnel) in 2020 and 2021 to be excluded from the calculation has been extended until January 1, 2028.

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Procedures and Principles of Wage Support to be Provided to Enterprises with Tourism Operation Certificates Announced

TAX CIRCULAR: 2026-110 // The procedures and principles regarding the 3,500 TL support per insured person for the period of 01/05/2026 - 31/12/2026 in private sector accommodation facilities with a tourism operation certificate have been announced with a circular published by SGK. Accordingly, provided that the workplace has no debts, declarations are submitted within the legal period, and earnings subject to premium are not underreported, this support can be utilized for employees subject to long-term insurance branches without the need for any application.

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10% Withholding Tax on Money Market Funds for Corporate Investors

TAX CIRCULAR: 2026-109 // With the Presidential Decision No. 11734 dated September 4, 2026, the 0 percent withholding tax rate applied to incomes obtained from money market funds and free funds containing the phrase "money market" in their titles by taxpayers within the scope of the first paragraph of Article 2 of the Corporate Tax Law No. 5520 (capital companies and foreign institutions of similar nature, domestic and foreign funds) and foreign corporate investors such as country funds, institution and organization funds, and investment institutions operating exclusively for the purpose of securities investment in Turkey, has been redetermined as 10 percent. According to the decision, while the 10 percent rate is directly applicable for funds purchased after September 5, 2026, for funds purchased before this date, it will be applicable for the portion of the earnings corresponding to the period from the publication date of the Decision until the date it is sold. There is no change in the withholding tax rate applied to the investment fund incomes of real persons and institutions that are not currently within the scope of the 0 percent withholding tax rate application, and a withholding tax of 17.5 percent will continue to be applied over these incomes.

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