Turkish Ship Registry Procedures and Compliance
Turkish Ship Registry Procedures and Compliance are regulated by the Ministry of Transport and Infrastructure. Türkiye’s maritime sector operates under strict regulations. Whether registering a cargo or passenger ship, changing ownership, or applying for financial leasing, all transactions must comply with MGS (National Ship Registry) and TUGS (Turkish International Ship Registry) regulations. This article provides […]
Regulations and Procedures for Cargo and Passenger Transportation in International Waters
In Türkiye, ships engaged in cargo and passenger transportation both within the Blue Homeland and in international waters must comply with specific regulations. The Ministry of Transport and Infrastructure provides an online platform, the Umurbey Citizen Portal (Umurbey Portal), where individuals and legal entities can submit all necessary applications digitally. This article outlines the conditions, […]
Bonded Warehouse in Turkey: Opening and Operating Conditions, Required Documents
Bonded Warehouse in Turkey plays a crucial role in international trade, facilitating import and export processes. In Türkiye, individuals and legal entities wishing to open and operate a bonded warehouse must comply with specific regulations. This article outlines the process of opening a bonded warehouse, the necessary documents, and the operational requirements. Requirements for Opening […]
Inheritance Tax, Inheritance Procedures, and Citizenship by Investment in Turkey
Inheritance Tax In Turkey, inheritance tax is applied to the assets inherited by legal heirs after the death of an individual. This tax is calculated based on the total value of the inheritance as follows: Tax Base Through Inheritance (%) Gratuitous Transfers (%) Up to 1,700,000 TL 1 10 Next 4,000,000 TL 3 15 Next […]
Annual Income Tax Declaration for Employees in Turkey
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 return for services. Employees with high levels of income or complex compensation structures may be required to assess their annual income tax declaration obligations carefully under Turkish tax legislation. The circumstances […]
Minimum Wage in Turkey (2026)
Discover the updated minimum wage in Turkey for 2026: Description Gross (TRY) Net (TRY) Minimum Wage 33,030.00 28,075.00 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 2026: Daily Earnings Limit (TRY) Monthly Earnings Limit (TRY) […]
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 […]
