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Taxation in Turkey

Turkey

Taxation in Turkey

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  1. Discovery Investment LOANS

    I have been trying to get a loan for some time now due to the large sum amount of the money to expand my business in Canada but i was unable to get a loan due to my credit score All other corporation/bank turned me down.Till i was introduced by start up overseas to Discovery Investment LOANS and i was able to get a loan from them without any delay. So i am using this opportunity to inform

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  2. Discovery Investment LOANS

    I have been trying to get a loan for some time now due to the large sum amount of the money to expand my business in Canada but i was unable to get a loan due to my credit score All other corporation/bank turned me down.Till i was introduced by start up overseas to Discovery Investment LOANS and i was able to get a loan from them without any delay. So i am using this opportunity to inform

    Total Posts: 1 Last post by halcyonnhadley

Taxation in Turkey

A foreigner is considered a tax resident if he/she resides in Turkey for more than six months or has a legal residence in the country.

Income Tax

Income tax is imposed on all taxable income at progressive rates after the benefit of specified deductions and allowances. Individual tax rates vary from 15%-35%.

  • 15% on income between 0 and 8,800
  • 20% on income between 8,801 and 22,000
  • 27% on income between 22,001 and 50,000
  • 35% on income of 50,001 and over

Corporate Tax

The tax rate applicable to corporations in Turkey is 20%. Capital gains tax in a corporation is usually added to the regular income of the corporation

VAT

In most cases, VAT is 18%.

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Organisations that can assist with Taxation

  • > OZBEK CPA

    OZBEK CPA is an independent certified public accounting and consulting firm founded in 2002 and based in Istanbul, Turkey. We specialize in providing a wide range of services to small, medium and large sized companies looking to strengthen and expand their presence in Turkey.

    More Details Visit Website
  • > Adminex Solutions UK Ltd

    THE TRUSTED GLOCAL SOLUTIONS PROVIDER Providing Global solutions locally Helping to internationalize the SME

    More Details Visit Website

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