Turkey introduces a brand new digital services tax

On 07.12.2019, a brand new Law numbered 7194, titled “the Law on Digital Services Tax and Amendments to Several Laws and to Statutory Decree numbered 375”, under which a new digital services tax has been bring forward and that is enacted by the Turkish Government has been published at the Official Gazette. The Law describes digital service providers and defines them as taxpayers in terms of DST at the rate of 7.5%. The Law also provides an exemption for whom do not exceed the thresholds by revenue of 20 million Turkish Liras or more derived in Turkey and 750 million Euros or more derived worldwide. Implementation and further details as such will be regulated with administrative regulations. The Law will come into force following its publish at the Official Gazette.