by Ekrem Duman | May 30, 2026 | Corporate Tax, Finance
⚡ TL;DRA multinational group is not one taxpayer but many — each entity taxed where it is resident, with cross-border flows policed by transfer pricing, withholding taxes, and anti-avoidance rules. The global minimum tax now sets a 15% floor on effective rates for...
by Ekrem Duman | May 30, 2026 | Corporate Tax, Finance
⚡ TL;DRAn expense is tax-deductible when it is incurred wholly and exclusively for business purposes and is not specifically disallowed by statute. Mastering the boundary between deductible and non-deductible costs — depreciation, interest, provisions, entertainment —...
by Ekrem Duman | May 30, 2026 | Corporate Tax, Finance
⚡ TL;DRThe statutory tax rate is the legal headline percentage; the effective tax rate (ETR) is what a company actually pays as a share of pre-tax profit. The gap between them — driven by credits, exempt income, losses, and permanent differences — is one of the most...
by Ekrem Duman | May 30, 2026 | Corporate Tax, Finance
⚡ TL;DRCorporate income tax is a levy on a company’s taxable profit, which is rarely the same as its accounting profit. The taxable base is built by adjusting book profit for non-deductible expenses, exempt income, and timing differences, then applying the...
