It is Turkey's implementation of the OECD Pillar Two (GloBE) rules and was added to the corporate tax law by Law No. 7524. For groups in scope, deferred tax and transitional safe harbour calculations become important.
Source: 5520 sayılı KVK m. 36-46 (7524 sayılı Kanun), OECD Pillar Two
Related terms
Domestic minimum corporate taxThe rule that the corporate tax calculated may not be less than 10% of corporate income before deductions and exemptions.Corporate income taxThe tax levied on the earnings of capital companies, cooperatives and other corporate entities.Deferred taxTax payable or recoverable in future periods, calculated on temporary differences between the carrying amounts of assets and liabilities in the financial statements and their tax bases.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: October 31, 2026 · This definition is for general information only.