It is an indirect tax separate from corporate income tax and is calculated on revenue. As global minimum tax rules advance, the future of such unilateral taxes depends on international negotiations.
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Related terms
Global minimum top-up tax (Pillar Two)A top-up tax collected when the effective tax rate of multinational groups with consolidated annual revenue of €750 million or more falls below 15% in any jurisdiction.Corporate income taxThe tax levied on the earnings of capital companies, cooperatives and other corporate entities.Full and limited tax liabilityFully liable taxpayers are taxed on their worldwide income, while those with limited liability are taxed only on income earned in Turkey.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Advance tax rulingA written explanation issued by the tax administration upon a taxpayer's written request about its own tax position or matters it considers unclear.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.
Last updated: November 8, 2026 · This definition is for general information only.