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2025/39 Financial/Tax Bulletin (June & July 2025)

Find out the latest developments in tax regulations and be updated on regulatory changes along with their effects on your business through our tax bulletins.

Major Tax Issues

Resource Utilization Support Fund (“RUSF”) (KKDF) is determined as %1 for gold and F/x loans by the banks and finance companies.

• Changes have been made to the RUSF rates for foreign currency and gold loans extended by banks and finance companies.
• By Presidential Decree, the RUSF rate for other loans extended by banks and finance companies has been set at 1% for foreign currency and gold loans and 0% for others.
• With this regulation, the RUSF rate for foreign currency and gold loans within the scope of commercial loans extended by banks and finance companies has been set at 1%. For other commercial loans, the RUSF rate will continue to be 0%.
• The RUSF rates are determined based on the qualifications of the lender, the type of loans, whether it is in foreign currency or Turkish Lira, and, in some cases, its average maturity. This distinction should be particularly noted for loans received by Turkish taxpayers from abroad.

New Tax Omnibus is ratified in the Parliament

• The new law, which makes some additions to the basic tax laws such as income tax, corporate tax, VAT, SCT, and Tax Procedure Law, also makes changes to the Law on the Protection of the Value of Turkish Currency, free zones, industrial zones, OIZ and LPG Law, and R&D and Technopark legislation.
• An update is being made regarding Special Consumption Taxes applicable on passenger vehicles, and the range and the battery capacity are being added to the taxation elements and the tax rates are revised based on these parameters.
• To encourage the productive investments and prevent unlimited application of tax discounts, regulations are being introduced regarding the application of reduced corporate tax rates within the scope of investment incentive certificates. In this context, in line with the recently published new Investment Incentive Decree, the periods and the rates for the reduced corporate tax rates are being updated, and a provision is being added stipulating that unused incentives cannot be carried over.
• The corporate tax reduction rate will be 60% and will be applied for a maximum of 10 years.
• A four-year time limit is being introduced for income from other activities, which will also be considered in calculating the 10-year period.
• You can see a tax summary in Türkiye by clicking Tax Guide - Invest in Türkiye

Special Consumption Taxes (SCT) on automobiles are updated.

• SCT rates applicable to automobiles will be in the range of 70-220% depending on the motor capacity and value of the car.
• The lowest rates will be used for cars smaller than 1400 cc motor capacity.
• SCT rates are redefined also for electric vehicles.
• SCT rates are different for hybrid and pure electrical automobiles.

Social Security

Wage and any type of salary payment can now be made almost exclusively through banks, and the scope is gradually narrowing.

• With the regulatory amendment published in the Official Gazette dated June 13, 2025, the limit for compulsory payments of wages, bonuses, and similar entitlements through banks was lowered from "at least 5 employees" to "at least 3 employees."

The Omnibus Law, which also includes wage increase for retirees, has been published.

• Important regulations concerning labor law have been published. You can access Law No. 7353, published on July 14, 2025, in the Official Gazette.
• Due to the demands of the tourism sector, provisions regarding the exercise of weekly vacation rights and the regulation of administrative fines have been added.
• Notifications to the employees can be transmitted by an e-mail system as well with some exceptions.

Banking & Finance

The Communiqué on identity verification in crypto asset service providers has been published.

Central Bank of Republic of Turkey reduced the interest rates as expected.

• The Monetary Policy Committee (the Committee) decided to reduce the one-week repo auction interest rate, which is the policy rate, from 46 percent to 43 percent.

R&D and Incentives

Türkiye Announced 2025 Investment Priorities

• The Coordination Council for the Improvement of Investment Environment (YOİKK) published the 2025 Action Plan on 10 July 2025. The Plan includes 39 action items and initiatives designed to align with key policy and strategy documents, such as the Medium-Term Program, the 12th Development Plan and the "Century of Türkiye" vision, based on the needs of the private sector regarding investment environment.

The Bylaw on the "Technopreneurship Badge" has been published.

• The "Technopreneurship Badge Regulation," published by the Ministry of Industry and Technology, sets forth the procedures and principles for identifying technology- and innovation-based enterprises with scalable business models and awarding them the "Technopreneurship Badge."
• Under the Regulation, independent enterprises established in Turkey with SME status and established within 15 years of their establishment can apply for this program.
• On the other hand, applications from enterprises operating in areas such as tobacco, alcohol, betting, or real estate investments, or those operating in violation of legislation, public order, or general morality, will be excluded from consideration.
• Technopreneurship companies currently enjoy certain tax and fiscal advantages, and it is anticipated that these advantages will be referenced in future issues.

The "Communiqué on the Implementation Procedures and Principles of the Local Development Initiative Program" has been published.

• With this Communiqué, the Ministry of Industry and Technology has identified support mechanisms to accelerate local and regional development, activate the economic potential of provinces, and increase production and employment.
• Support within the program covers new facility investments and projects that increase capacity and employment in existing businesses.
• With this Communiqué, the Ministry of Industry and Technology has prepared and implemented a list of investments in all 81 provinces.
• In preparing the list, criteria such as meeting local needs, utilizing idle resources, developing sectors with a high probability of success despite lacking production in the region, and supporting sectors with forward and backward connections in line with the region’s sectoral priorities were taken into consideration.

Commercial Regulations

You may need to switch to e-ledger applications for non-commercial ledgers as well; please check.

• Turkey has made significant strides in electronic documents and e-ledgers and is one of the leading countries in this field. E-ledger and e-document applications, which are mandatory for certain sectors and companies exceeding a turnover, will now be extended to non-commercial ledgers with a new regulation.
• The Ministry of Trade has issued a Communiqué on this matter and published a Guide to address any concerns regarding the implementation.
• As of July 1, the transition period began for specific types of companies. This will also be mandatory for companies established from the beginning of 2026. Companies that wish to maintain their share ledgers, general assembly discussion ledgers, and board decision ledgers electronically.

Climate Law passed in the Parliament approved by the President.

• Draft Law was first sent back to the Committee from the General Assembly.
• The new proposal aims to reduce greenhouse gas emissions in the context of combating climate change, and to regulate the legal and institutional framework of climate change adaptation activities, planning and implementation tools, revenues to be used in combating climate change, and the principles of permitting and inspection.
• The Law is accepted in the Commission with minor revisions and amendments. Following the President’s approval, the Law is published in the Official Gazette.
• You can see more regarding with the recent updates on green and climate in Türkiye by clicking the official web site of the Directorate of the Climate Change.

The draft Turkish Emissions Trading System Regulation has been announced.

• The emission intensity-based cap aims to increase production while reducing product-based emissions. The monitoring, reporting, and verification of greenhouse gas emissions, which has been carried out in our country for 10 years, has been consolidated under a single umbrella in the Turkish Emissions Trading Regulation, along with the carbon pricing process.
• The key points in the regulation are as follows:
  • Emission intensity-based cap implementation, free allocation based on the benchmark method
  • Pilot period: 2026-2027, 100% free allocation based on the benchmark method.
  • 1st Implementation Period: 2028-2035 (1st Sub-Period: 2028-2030, 2nd Sub-Period: 2031-2035)
  • Scope: Facilities with a CO2 greenhouse gas emission capacity exceeding 50,000 tons (Pilot period: SKDM sectors, 1st Implementation Period: facilities conducting Annex-1 activities)
  • Emission coverage rate of 41% in the pilot period and 47% in the 1st Implementation Period. Preparation and submission of a monitoring plan, monitoring methodology plan, annual greenhouse gas emission report, and annual activity level report.
  • Offsetting opportunity after the pilot period, flexibility mechanisms such as banking and borrowing, greenhouse gas emission permit processes in line with the EU.
  • Additional reserves to contribute to the delivery of carbon emissions.
  • Complementary carbon pricing for those who wish to pay an additional carbon price in addition to the allocation price, determination of an allocation price corridor.
  • Monitoring of obligations and sanctions.

Miscellaneous

A "Draft Communiqué" has been prepared, outlining the procedures and principles for collections made using electronic payment instruments.

• This Communiqué aims to support the formal economy, ensure tax security, and accurately record taxpayers' sales revenues.
• POS applications on payment accepting devices within the scope of a dealership or similar relationship, including those owned by a dealership's New Accounting and Payment Devices (YN ÖKC) or Secure Mobile Payment and Electronic Document Management System, must be brought into compliance with the regulations set forth in the Communiqué by the end of the month following the effective date of the Communiqué.
• Any POS applications that fail to meet the requirements by that date will be deactivated by the bank or payment service provider.

The Procedures and Principles Regarding Sustainability Reports have been published by KGK.

• The decision, detailed in the link and dated July 16, addresses exemptions from the Main Decisions published by the KGK in 2023 and 2024, the application of the turnover and number of employees criteria to be considered in the reporting obligation for different sectors, and the initiation and exit from the reporting obligation in this regard.

Best regards,

Taxademy