The decision to increase the 25 percent limit on housing rentals is extended.

In the General Assembly of the Grand National Assembly of Turkey, in addition to the increase rates to be made for civil servants and pensioners, the 29-item ‘Additional Tax on Motor Vehicles (MTV) for Compensation of Economic Loss Caused by the Earthquakes on February 6, 2023) and in Some Laws and 375 The Bill that Modifies Decree Law No.

With the accepted article 23; The regulations limiting the rent increase to be applied to residential rentals to 25 percent are extended until July 1, 2024. Said request will be valid as long as the rental price of the previous rental year does not exceed 25 percent. If the rate of change in the previous rental year’s Consumer Price Index is less than 25 percent compared to 12-month averages, the rate of change will be valid. In leases for more than one year, contracts made in excess of these rates will be considered void in terms of excess amount.

REGULATION THAT INCREASES THE CORPORATE TAX TO 25 PERCENT IS ACCEPTED

With article 21 of the proposed law accepted; The 20 percent corporate tax rate on corporate income was increased to 25 percent. The corporate tax rate of 25 percent for the corporate profits of companies under the Law of Savings Financing, Factoring, Financing and Financial Leasing Companies, payment and electronic money institutions, authorized exchange institutions, asset management companies, capital market institutions, insurance institutions and reinsurance companies and pension companies increased to 30 percent. PHOENIX