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
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 […]
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 […]
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 […]
Vat Exemption For Foreign Film Producers in Turkey
In Article 11/1-b of the VAT Law, an additional subparagraph was introduced by Article 11 of Law No. 5904, stating: “For cinematographic works approved by the Ministry of Culture and Tourism under Law No. 5224 on the Evaluation, Classification, and Support of Cinema Films dated 14/07/2004, the VAT paid by foreign producers on goods and […]
