Turkey:
Agricultural Subsidies Payments Are Exempted From Income Tax
29 November 2021
Moroglu Arseven
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With article 3 of Law numbered 7338 on Amendments to Tax
Procedure Law and Certain Laws (“Omnibus
Bill”), published in Official Gazette dated 26
October 2021 and numbered 31640, duplicated article 20/C was
introduced to Income Tax Law numbered 193. With the new article,
agricultural subsidy payments made by public institutions and
organizations are exempted from income tax.
Please see this link for full
text of the Omnibus Bill (only available in Turkish).
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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