A new Law no. 64, dated 20 October 2017, (published in the Official Gazette on 26 October 2017) introduced new tax measures and amended several tax articles to fund the increase of the minimum wages and the cost of living for the public sector. The corporate income tax (CIT) rate increased to 17% and value-added tax (VAT) rate increased to 11%.
The Ministry of Finance (MoF) issued the 2018 Budget Law no.79, dated 18 April 2018 (published in the Official Gazette no.158, dated 19 April 2018). It does not include any changes in the CIT and VAT rates.
The major tax amendments and exemptions are incorporated in the appropriate summary sections.