Will there be a tax deduction for payments made to purchase a “domain name” from a company abroad?

02.06.2021 

“Domain name” purchased online from companies abroad is considered as an intangible right, and a 20% corporate tax deduction is required from the payments made, pursuant to the second paragraph of Article 30 of the Corporate Tax Law No. 5520, in accordance with the Council of Ministers Decisions No. 2009/14593.

However, if there is a double taxation agreement between the country of residence of the company and Turkey and a lower rate is foreseen in these agreements, this rate will be taken into account.

Source: Revenue Administration of Republic of Turkey – Translated by Karen Audit – The rights of this translation belong to KarenAudit and unauthorized use is prohibited.
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