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World

Turkey's ruling AK Party proposes raising corporate tax to 25pc in 2021

  • 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.
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ISTANBUL: 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.

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