Turkey incorporated the international system ensuring a minimum 15% tax on the earnings of multinational groups into its own legislation in 2024. The first local filing process for the 2024 fiscal year is imminent; the system is no longer merely on paper — it has become a permanent fixture on the tax, finance, legal and management agenda of companies.
READ MOREThe answer to the scope question does not lie in your own turnover, but is hidden in the consolidated financial statements of the company at the top of your group. This distinction is a point that many Turkish companies overlook.
READ MOREUnder Pillar 2, tax may be collected through three different channels. Which channel comes into play determines which country's treasury the tax is paid to — and, from Türkiye's perspective, this is a serious revenue matter.
READ MOREPillar 2 revolves around a single rate. That rate is derived not from the tax base you're used to, but from your financial statements — and that difference changes everything.
READ MORENot every group within scope has to perform the full calculation. If you pass one of three tests, the top-up tax in Türkiye is deemed to be zero, freeing you from the burden of detailed calculation.
READ MOREUnder Pillar 2, you may have a filing obligation even if you owe no tax. Which form is filed by whom is the most commonly confused aspect of implementation.
READ MOREThe first year of implementation is now behind us. The process revealed that it was the timeline of the legislation — not its text — that proved problematic, and this carries concrete lessons for the period ahead.
READ MOREAn investment made on the strength of an incentive certificate obtained years ago may today face an unexpected tax burden. The problem is not that the incentive is invalid — it's that its benefit is being clawed back through a different channel.
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