Turkish Parliament Passes Tax Bill and Raises Minimum Pension

Overview of the Legislative Proposal

The Turkish Parliament approved a crucial legislative proposal on Saturday, which includes significant changes to tax regulations and a boost to the minimum monthly pension.

Key Regulations Introduced

• The tax bill aims to streamline existing tax structures.
• An increase in the minimum pension is part of the proposal, benefiting retirees.
• Local fees have been adjusted to better reflect current economic conditions.

Conclusion

The passage of these regulations is expected to have a positive impact on the economy, specifically in relieving financial pressure on retirees and stimulating consumer spending.