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ANKARA - Turkish income tax law will get amended, said sources on Wednesday.
The Tax Council prepared an interim report on the amendments that may be made in income tax law. According to the Tax Council, income tax will be evaluated under three categories: ''working, activity and capital income''.
The laws on Income Tax and Institutions Tax will get amended into one single Income Tax law.
All paid individuals will receive special breaks in taxes rather than applying for tax returns.
Some of the cases where taxes may be deducted due to expenses include the purchase of auto vehicles, exports made in special sectors, construction and re-construction.