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Govt. Issues New Provisions on Income-Tax Adjustments

In an effort to ensure greater legal certainty and to simplify tax administration while ensuring convenience for taxpayers with certain gross distributions during certain timeframes in the wake of the issuance of Law No. 7 of 2021 on the Harmonization of Tax Regulations (“ Law 7/2021 ”), the government has issued Regulation No. 55 of 2022 on the Adjustment of Provisions Within the Income-Tax Sector (“ Regulation 55/2022 ”). [1]

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