What is the nature of the payments made for the purchase of copyrights of a match, concerts, TV series and movies, etc. in Turkey?
Since the aforementioned copyrights are considered as intangible rights in accordance with the provisions of subparagraph (5) of the first paragraph of Article 70 of the Income Tax Law and the provisions of double taxation agreements, 20% corporate tax deduction is required for the payments made in accordance with the second paragraph of Article 30 of the Corporate Tax Law No. 5520 and pursuant to the Council of Ministers Decree No. 2009/14593.
However, if there is an agreement to prevent double taxation between Turkey and the country where the firm is a resident abroad and there is a lower rate in these agreements, this rate will be taken into consideration.
Source: GİB
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