TAX NEWS NO: 2016/4
April 7, 2016
Central Bank Interest Rate, regarding the incentive capital increase in cash, has been announced by The Turkish Revenue Administration.
The Turkish Revenue Administration on April 7, 2016 has announced the deduction interest rate pertaining to capital increase in cash as 14.65 % for fiscal year 2015 with the Corporate Tax Circular numbered 40.
Our previous newsletters on the subject can be found at the links below:
TAX NEWS NO: 2015/7 - The Resolution of the Council of Ministers pertaining to the incentive capital increase in cash.
TAX NEWS NO: 2015/3 - A Deemed Interest Deduction to Encourage Cash Equity Financing has been published in the Official Gazette.
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