In order to doing business Turkey all natives, foreign individuals, foreign capital corporations and native companies residing in Turkey are imposed in income tax and corporation Taxes in Turkey also non-residents individual in Turkey who earning income.
Income taxes in Turkey are levied on all income, including that of domestic and foreign individuals and corporations residing in Turkey. Non-residents earning income in Turkey through employment, ownership of property, business transactions, or any other activity which generates income are also subject to taxation, but only on the income earned in Turkey
The determined basic company income tax rate on business profit is levied by 20% in Turkey.
Withholding Tax (stopaj Vergisi)
According to Turkish tax regulation, certain amount of taxes in Turkey is obtained by means of withholding from the corporates in order to be secure of paying tax by payers.
Royalties And Fees
Withholding taxes on received payments of resident corporations:
Withholding taxes on received payments of non-resident corporations:
2. Individual Income Tax
The personal income tax rate varies from 15% to 35%.
Income tax rates applicable to yearly gross earnings from 2013 are as follows:
|Income Scales (TL)||Rate %|
|Up to 10,700||15 %|
|60,001 and over||35 %|