Tax Amendments Introduced by Law No. 7582 on Amendments to Certain Laws

Article 1 of Law No. 7582 amends Law No. 6183 on the Procedure for the Collection of Public Receivables: the maximum instalment period for deferrals granted to public debtors has been increased from 36 months to 72 months, and the amount of debt that may be deferred without collateral has been raised from TRY 250,000 to TRY 1,000,000.

Entry into force: The amendment enters into force on its date of publication (4 June 2026).

• Article 2 of Law No. 7582 adds the following paragraph to Article 16 of the Inheritance and Gift Tax Law No. 7338.

“For persons benefiting from the income tax exemption under Repeating Article 20/D of Income Tax Law No. 193 dated 31/12/1960, the tax rate shall be applied at 1% on transfers of property by inheritance occurring within the period stipulated for that exemption.”

By virtue of this new paragraph, individuals who, under Repeating Article 20/D of the Income Tax Law, benefit from the twenty-year income tax exemption on earnings and revenues obtained outside Türkiye by persons who were not resident in Türkiye during the last three calendar years will be subject to inheritance and gift tax at a rate of 1% on transfers of property by inheritance that are subject to inheritance and gift tax. 

Entry into force: The amendment enters into force on its date of publication (4 June 2026).

• Article 3 of Law No. 7582 amends the wage exemption applicable, under Article 17 of the Income Tax Law, to benefits provided to employees in the form of share certificates by employers qualifying as techno-start-up companies.

Under the amendment, the portion of the fair market value, as at the date of grant, of share certificates granted to employees free of charge or at a discount and treated as wages that does not exceed twice the annual gross wage for that year is now exempt from income tax.

Where share certificates acquired by an employee in this manner are disposed of, counting from the date of acquisition;

• within two full years, the entire amount of the exempted tax, 

• within four years, 75% of the exempted tax, 

• between five and six years, 25% of the exempted tax,

will be collected from the employer together with late payment interest, without applying a tax loss penalty.

Entry into force: The amendment enters into force on its date of publication (4 June 2026).

• Article 4 of Law No. 7582 adds a new article to the Income Tax Law, to follow Article 20/C.

Repeating Article 20/D, added to the Income Tax Law, exempts from income tax, for a period of twenty years, the earnings and revenues obtained outside Türkiye by individuals deemed resident in Türkiye, provided that they had neither a domicile nor a tax liability in Türkiye during the last three calendar years preceding the date on which they became deemed resident in Türkiye.

Entry into force: The amendment enters into force on its date of publication (4 June 2026), to apply to persons deemed resident in Türkiye as from 1 January 2026.

• Article 5 of Law No. 7582 adds the following subparagraph to paragraph 1 of Article 23 of the Income Tax Law, headed “Wages”.

“20. The portion of the wages of qualified service personnel employed at the qualified service centres defined in Additional Article 1 of Foreign Direct Investment Law No. 4875 dated 5/6/2003 that does not exceed three times the gross minimum wage (for qualified service centres operating in industrial zones established under Industrial Zones Law No. 4737 dated 9/1/2002 that are approved by the President according to the zone’s foreign investment intensity, and for those operating in the Istanbul Finance Centre with a participant certificate, this shall be applied as five times the gross minimum wage). The President is authorised to set the three-fold and five-fold multipliers in this subparagraph, jointly or separately, down to one fold, and to increase them up to two fold.”

Under the amendment, the portion of the wages of qualified service personnel employed at qualified service centres that does not exceed three times the gross minimum wage is exempt from income tax. For qualified service centres operating in industrial zones approved by the President and in the Istanbul Finance Centre, this amount will be applied as five times the gross minimum wage .

Entry into force: The amendment enters into force on its date of publication (4 June 2026).

• Article 6 of Law No. 7582 adds a new additional article, headed “Qualified service centre”, to Foreign Direct Investment Law No. 4875.

A qualified service centre is defined as a capital company that is actively operating in at least three different countries, is established in order to provide services to a related company or group of companies and to carry out the activities set out in the second paragraph, and derives at least 80% of its annual revenue from related companies or groups of companies abroad.

Entry into force: The amendment enters into force on its date of publication (4 June 2026).

• Article 7 of Law No. 7582 amends Article 10 of the Corporate Income Tax Law, headed “Other Deductions”, introducing a corporate income tax deduction for the earnings of qualified service centres now covered by tax legislation.

Accordingly, qualified service centres operating under Foreign Direct Investment Law No. 4875 will be able to deduct 95% of the earnings they derive from abroad exclusively within the scope of these activities from their corporate income tax base. This rate will be applied as 100% for entities operating as qualified service centres in industrial zones established under Law No. 4737 that are approved by the President according to the zone’s foreign investment intensity, and for those operating as qualified service centres in the Istanbul Finance Centre District with a participant certificate obtained under the provisions of Law No. 7412.

Entry into force: The amendment enters into force on its date of publication (4 June 2026), applying from the tax returns due to be filed as from 1 July 2026 onwards and to corporate earnings for the taxation period beginning on or after 1 January 2026 (for entities assigned a special accounting period, the accounting period beginning on or after 1 January 2026).

• Article 8 of Law No. 7582 amends Article 32, headed “Corporate income tax and advance tax rate”, introducing a corporate income tax rate of 12.5% on earnings derived from manufacturing and agricultural activities.

The rate of 12.5% will apply to the earnings derived exclusively from manufacturing activities by entities that hold an industrial registry certificate and are actually engaged in manufacturing, and to the earnings derived exclusively from such production activities by entities engaged in agricultural production.

It is further provided that no additional reduction may be applied under paragraph seven of Article 32 of Law No. 5520 in respect of earnings benefiting from this reduced corporate income tax rate.

Entry into force: The amendment enters into force on its date of publication (4 June 2026), to apply to earnings derived in the 2027 taxation period and subsequent taxation periods and, for entities subject to a special accounting period, to earnings derived in the special accounting period beginning in the 2027 calendar year and subsequent taxation periods.

• Article 9 of Law No. 7582 amends Article 32/C of the Corporate Income Tax Law, headed “domestic minimum corporate income tax”, allowing the earnings deductions granted in respect of transit trade, qualified service centres and the Istanbul Finance Centre to be deducted from the minimum corporate income tax base.

Entry into force: The amendment enters into force on its date of publication (4 June 2026), applying from the tax returns due to be filed as from 1 July 2026 onwards and to corporate earnings for the taxation period beginning on or after 1 January 2026 (for entities assigned a special accounting period, the accounting period beginning on or after 1 January 2026).

• Article 10 of Law No. 7582 adds PROVISIONAL ARTICLE 19 to the Corporate Income Tax Law, introducing a new “ASSET AMNESTY” (varlık barışı) regime.

With the aim of increasing voluntary tax compliance, cash, gold, foreign currency, securities and other capital market instruments held abroad by individuals or legal entities are to be declared to banks or intermediary institutions by 31 July 2027.

The declared assets must be transferred to accounts opened in the holders’ names at banks or intermediary institutions in Türkiye within two months of the date of declaration, or, where they are brought physically from abroad, deposited into such accounts.

Cash, gold, foreign currency, securities and other capital market instruments held in Türkiye by personal or corporate income taxpayers but not recorded in their statutory books may likewise benefit from the asset amnesty by being declared to banks or intermediary institutions by 31 July 2027.

Deposit of the declared assets with banks or intermediary institutions as at the date of declaration must be evidenced.

The declared assets must be recorded in the statutory books by taxpayers who keep books under Tax Procedure Law No. 213. Taxpayers keeping books on the balance sheet basis must open a special fund account on the liabilities side for the assets so recorded. This fund account may not be withdrawn from the business until two years have elapsed from the date of declaration and may not be used for any purpose other than a capital increase.

It is further provided that these assets will not be taken into account in determining the profit for the period, and that at the end of the two-year period they may be withdrawn from the business without being taken into account in determining taxable earnings or distributable earnings.

Taxpayers keeping a self-employment earnings ledger or books on the business account basis must show these assets separately in their books. Persons who have no personal or corporate income tax liability may also benefit from the regime, provided that they bring their overseas assets to Türkiye within two months or deposit their domestic assets with banks or intermediary institutions.

In respect of the assets covered by the asset amnesty, banks and intermediary institutions will declare the tax they collect from the declarant at a rate of 5% on the value of the assets declared to them, by means of a tax return submitted in their capacity as tax withholding agent to the tax office to which they are registered by the end of the fifteenth day of the month following the declaration, and will pay it within the same period.

The 5% tax rate applied to the value of the assets will be applied, where the declared asset is held in time deposit accounts, government domestic borrowing securities, lease certificates or venture capital investment funds;

• as 0% where an undertaking is given that it will be held for at least 5 years,

• as 1% where an undertaking is given that it will be held for at least 4 years,

• as 2% where an undertaking is given that it will be held for at least 3 years,

• as 3% where an undertaking is given that it will be held for at least 2 years,

• as 4% where an undertaking is given that it will be held for at least 1 year.

For declarations made from 1 January 2027 up to and including 31 July 2027, these rates will be increased by half a percentage point.

The asset amnesty may not be benefited from where the declared assets are not brought to Türkiye within two months of the date of declaration or are not transferred to an account to be opened at a bank or intermediary institution in Türkiye; where, although declared under paragraph three, they are not deposited with banks or intermediary institutions within the period specified in that paragraph; where the taxes assessed on the declared amounts are not paid on time; where the undertakings given are not complied with; or where the other conditions set out in this article are not fulfilled. In addition, taxes not accrued on time will be collected together with late payment interest, without applying a tax loss penalty.

Entry into force: The amendment enters into force on its date of publication (4 June 2026).

• Article 11 of Law No. 7582 amends Article 3, headed “Deductions, exemptions, support and incentive elements”, of Law No. 5746 on Supporting Research, Development and Design Activities.

Under the amendment, the provisions of Turkish Commercial Code No. 6102 on conditional capital increases will not apply to conditional capital increases carried out on the basis of convertible debt agreements by non-publicly held companies holding the techno-start-up badge issued by the Ministry of Industry and Technology. The procedures and principles governing conditional capital increases by such companies will be determined by the Ministry of Industry and Technology upon the opinion of the Ministry of Trade.

In addition, companies established and operated by entrepreneurs who have qualified as incubation entrepreneurs under Law No. 4691, in accordance with the digital company definition to be set by the Ministry of Industry and Technology, are exempted for up to three years from their date of incorporation from the fees and dues defined in Article 24 of Law No. 5174 dated 18/5/2004 on the Union of Chambers and Commodity Exchanges of Türkiye and the Chambers and Commodity Exchanges.

• Article 12 of Law No. 7582 amends Article 6, headed “Exemptions and deductions relating to taxes and other financial obligations”, of Istanbul Finance Centre Law No. 7412, extending the income tax deduction applied where financial institutions holding a participant certificate in the Istanbul Finance Centre employ personnel with international experience so that it covers all participants.

It is further provided that qualified service centre personnel benefiting from this exemption within the scope of the Istanbul Finance Centre may not also benefit from the wage exemption in subparagraph (20) of the first paragraph of Article 23 of the Income Tax Law, introduced by Article 5 of Law No. 7582.

Entry into force: The amendment enters into force on its date of publication (4 June 2026).

• Article 13 of Law No. 7582 amends Provisional Article 1, headed “Additional exemption relating to corporate income tax and fees”, of Istanbul Finance Centre Law No. 7412, extending the period of the 100% corporate income tax deduction applied to the earnings of institutions carrying out financial activities in the Istanbul Finance Centre with a participant certificate from 2031 to 2047, and increasing the fee exemption from 5 years to 20 years.

Entry into force: The amendment enters into force on its date of publication (4 June 2026).

Yours sincerely. 5 June 2026