Tax System in Turkey
Overview of the Tax System in Turkey The Turkish Tax System is structured into two main categories: direct taxes and indirect taxes. The direct taxation system primarily includes Personal Income Tax (PIT) and Corporate Income Tax (CIT), while the indirect taxation system includes Value Added Tax (VAT), Special Consumption Tax (SCT), Stamp Tax, Banking and […]
Mining Exploration and Licensing Procedures in Turkey
Mining exploration and licensing in Türkiye are regulated by the General Directorate of Mineral Research and Exploration (MTA) and the General Directorate of Mining and Petroleum Affairs (MAPEG). Companies or individuals seeking to explore and extract minerals must comply with strict legal procedures, secure the necessary permits, and follow the registration process. This article provides […]
Differences Between General Partnerships and Capital Companies in Turkey
Are you choosing between a Joint Stock Company (JSC) and a Limited Liability Company (LLC) to set up a company in Turkey? This 2026 updated guide outlines the essential differences in legal structure, capital requirements, liability, taxation, and fundraising potential—helping you decide which entity best suits your business goals.When setting up a business, understanding the […]
Key Differences Between Joint Stock Company (JSC) and Limited Liability Company (LLC) in Turkey (2025 Update)
Are you choosing between a Joint Stock Company (JSC) and a Limited Liability Company (LLC) in Turkey? This 2025 updated guide explains key differences in capital requirements, taxation, liability, and public offering potential. Find out which business structure is best for your company when you set up a company in Turkey. Introduction Joint Stock Company (JSC) and […]
Corporate Secretarial Services in Turkey
Streamlined Business Compliance & Governance Operating a business in Turkey requires strict compliance with corporate governance regulations and the Turkish Commercial Code (TCC). Our corporate secretarial services ensure seamless compliance, tailored support, and efficient business operations for startups, SMEs, and multinational corporations. Our Corporate Secretarial Services in Turkey 1. General Meetings, Shareholder Assemblies & Board […]
Foreign Branch vs. Company in Turkey – Key Differences & Best Choice
Companies with headquarters abroad can operate in Turkey by establishing a branch or a company. There are significant differences between these two structures, and in certain cases, setting up a branch may be more advantageous. Comparison of Foreign Branch and Company in Turkey Criteria Company Branch Legal Entity and Management Has an independent legal entity; […]
Fraud Auditing in Turkey
Protect Your Business from Financial Fraud with ÖzbekCPA Fraud auditing in Turkey is essential for businesses to detect and prevent financial fraud. Fraud poses a significant risk, leading to substantial financial losses and legal issues. In Turkey, fraud auditing and forensic accounting services play a crucial role in safeguarding businesses. Tax fraud prevention and corporate […]
Types of VAT Withholding and Rates in Turkey (2025 Updated Guide)
VAT Withholding and Its Role in the Turkish Tax System VAT withholding (KDV Tevkifatı) is a mechanism applied in Turkey to secure tax collection and reduce the risks associated with informal economic activities in specific sectors. Under the Turkish VAT system, a portion of the VAT calculated on certain transactions is withheld by the purchaser […]
What is VAT Withholding Refund in Turkey?
VAT withholding refund is a tax reclaim process that allows businesses to recover excess Value Added Tax (VAT) that cannot be deducted due to withholding mechanisms. This process prevents financial losses from accumulated VAT balances and helps improve cash flow. In Turkey, VAT withholding is widely applied in industries such as construction, consultancy, workforce supply, […]
Self-Employment Income in Turkey: Taxation, Exemptions & Expenses
What is Self-Employment Income in Turkey? Self-Employment Income in Turkey refers to earnings generated through professional, scientific, or artistic activities conducted independently, without an employer, and without a commercial nature. According to Article 65 of the Personal Income Tax Law (PITL), all forms of self-employment income in Turkey fall under this category. Income earned by […]
