Law No. 7524

Dear Member,
With reference to the letter sent to our Chamber by the Revenue Directorate of the Office of the Provincial Treasurer of the Governorship of Elazığ, as is known, the "Law No. 7524 on Amendments to Tax Laws, Certain Laws and Decree Law No. 375"
has been published in the Official Gazette dated 2 August 2024 and numbered 32620
.

The said Law aims at;

• Strengthening tax justice and increasing the share of direct taxes
• Ensuring security in taxation and combating informality
• Increasing tax compliance
• Abolishing certain exemptions or changing the manner of their application
• Increasing the effectiveness of penalties - Reducing carried-forward VAT
• Contributing to the reduction of imports, and harmonising taxation on imports and domestically
• Increasing collection effectiveness.

In this context, significant amendments have been made to the Corporate Tax Law, the Income Tax Law, the Tax Procedure Law, the Value Added
Tax Law, the Special Consumption Tax Law, Law No. 6183 and the Free Zones Law
.

Annex: Law No. 7524

Kind regards,
Elazığ Chamber of Commerce and Industry