Turkey Investment And Tax

• TAXES

Turkey, the OECD ( Organization for Economic Co-operation and Development ) member countries are among the most competitive corporate tax rates with one. The Turkish corporate tax legislation is governed by provisions that are comprehensible, objective and conform to international standards.

Tax type in Turkey

• Income Taxes
• Corporation tax
• Taxes on Expenses
• Asset Taxes

Income Taxes : Income taxes, which are in Turkish tax legislation, are personal income tax and corporate tax. Even though personal income tax and corporation tax are different laws, most of the rules and provisions that apply to individuals in terms of income components and the calculation of net income are also applied to many institutions.

Corporation tax : In case the income elements defined in the Income Tax Law are obtained by the institutions, taxation is carried out through the legal personality of these institutions.

Taxes on Expenses : Value Added Tax (KDV) VAT rates applied in general; 1%, 8% and 18%. Commercial, industrial, agricultural and independent professional goods and services; All deliveries of goods and services created by importing goods and services and other activities by importing into the country are subject to VAT. Export operations, Petroleum Exploration Activities, Port, Services for ships and airplanes in airports, Transit Transport transactions are not applied VAT.

Special Consumption Tax (ÖTV) Petroleum products, natural gas, machine oils, solvents and solvent derivatives helicopters, yachts Tobacco and tobacco products, alcoholic beverages SCT is applied for luxury consumer goods.

Asset Taxes : building obtained in Turkey, housing and land and 0.10% is subject to estate tax at rates ranging from 0.60% to 10% of the accrued tax Belongs to the Immovable Cultural Properties Protection Contribution is paid. Motor vehicle taxes are collected every year by the amount of fixed amounts determined according to the age and engine volume of the vehicles. Inheritance and inheritance taxes are taken as 1-30%.