Annual Income Tax Declaration for Employees in Turkey Updated for 2025
According to the Turkish Income Tax Law, wages include monetary payments, in-kind benefits, and other earnings convertible into money, provided by an employer in exchange for services. In addition to corporate taxpayers, restructuring professionals in Turkey often advise high-earning individuals and employees with complex compensation structures on how to comply with evolving income tax regulations. […]
Minimum Wage in Turkey
Discover the updated minimum wage in Turkey for 2025: Description Gross (TRY) Net (TRY) Minimum Wage 26,005.50 22,104.67 Tip: Knowing the minimum wage is crucial for both employees and employers in Turkey. ———————————————————————————- Insurance Premium Base Earnings Limits Stay updated on social security premiums in Turkey for 2025: Daily Earnings Limit (TRY) Monthly Earnings Limit […]
Corporate Taxation in Turkey
Corporate taxation in Turkey is imposed at a rate of 20% on both resident and non-resident companies. Corporations in Turkey are classified as either limited taxpayers or unlimited taxpayers based on their tax liability. Resident vs. Non-Resident Taxpayers Tax Year and Filing Taxable Income Capital Gains Tax Tax Losses Foreign Tax Credit Participation Exemption Holding […]
Transfer Of Imported Goods At Customs And Tax Implications in Turkey
Companies operating in Turkey occasionally transfer goods imported from abroad to other domestic firms at customs without releasing them into free circulation. This practice, known as Transfer Of Imported Goods At Customs, involves specific procedures and tax implications in Turkey. It is crucial for businesses to comply with the applicable legal framework to avoid potential […]
International Tax Environment
Our experienced team at ÖzbekCPA is ready to assist both foreign investors with their operations in Turkey and Turkish investors with their international ventures. Working with our global tax teams in the relevant countries, we ensure that business processes are carried out quickly and efficiently, working closely with project teams to provide quick and practical […]
Carve-out’s Advantages in Turkey: Strengthen Your Business Strategy with OZBEKCPA
At ÖzbekCPA, we provide expert guidance in helping companies unlock the benefits of carve-outs. Whether you are looking to streamline your operations or raise capital, carve-outs offer numerous strategic advantages that can drive business growth. This article outlines Carve-out’s Advantages in Turkey and how ÖzbekCPA can support you throughout the process. 1. Independent Financing: A […]
Minimum Wage in Turkey
Discover the updated minimum wage in Turkey for 2025: Description Gross (TRY) Net (TRY) Minimum Wage 26,005.50 22,104.67 Tip: Knowing the minimum wage is crucial for both employees and employers in Turkey. ———————————————————————————- Insurance Premium Base Earnings Limits Stay updated on social security premiums in Turkey for 2025: Daily Earnings Limit (TRY) Monthly Earnings Limit […]
Outsource Accounting vs. In-House Accounting in Turkey: Which is the Best Option?
For businesses operating in Turkey, managing financial processes effectively is key to sustainable growth and compliance. With evolving tax legislation, strict payroll obligations, and complex financial reporting standards, companies must choose between two main accounting models: building an internal accounting department or outsourcing accounting services in Turkey. In this article, we compare outsourced accounting vs. […]
Investing Abroad
Investors and businesses in our country are expected to take their place in the evolving and changing global economy. Investing abroad requires taking on the role correctly, conducting research and feasibility studies, and evaluating the opportunities in the broadest context. If you are planning to invest abroad, you must seek answers to many questions. For […]
The Issue Of Vat Refunds For Goods Lost Due To Fires And The Need For Legislative Changes in Turkey
In commercial activities, the loss or destruction of goods can lead to significant financial burdens for businesses, with substantial implications for tax legislation. Specifically, current regulations surrounding VAT refunds for goods lost in disasters such as fires highlight the need for a fairer and more comprehensive system. Definition of Loss and Its Place in Legislation […]
