Tax Ruling in Turkey
At ÖzbekCPA, we guide our clients through Tax Ruling in Turkey with clarity and compliance.. One of the most effective tools for eliminating uncertainty in tax matters is the “tax ruling in turkey,” which allows taxpayers to request official interpretations of ambiguous or unclear tax provisions. What Is a Tax Ruling in Turkey ? A […]
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 […]
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; […]
Types of VAT Withholding and Rates in Turkey (2025 Updated Guide)
VAT Withholding (KDV Tevkifatı) and Its Role in the Turkish Tax System VAT withholding (KDV Tevkifatı) is a system implemented in Turkey to secure tax collection and prevent the informal economy in specific sectors. As part of taxation in Turkey, this mechanism ensures that tax liabilities are fulfilled effectively by transferring a portion of the […]
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 […]
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 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 […]
