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Turkey's ruling AK Party proposes raising corporate tax to 25% in 2021 - Metro US

Turkey’s ruling AK Party proposes raising corporate tax to 25% in 2021

FILE PHOTO: A view from the business and financial district of Levent in Istanbul

ISTANBUL (Reuters) – President Tayyip Erdogan’s ruling AK Party submitted a draft law to parliament on Friday that proposes raising corporate tax in Turkey to 25% this year from 20% now and then to 23% in 2022.

The draft also envisages support for restaurant and cafe employees in April and May following the imposition of new restrictions aimed at curbing the spread of the coronavirus.

(Reporting by Tuvan Gumrukcu and Nevzat Devranoglu; Writing by Ezgi Erkoyun; Editing by Gareth Jones)

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