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Foreign companies considering Turkey hiring options are often surprised to learn that employing people or establishing a presence in Turkey does not necessarily require incorporating a local company from the outset. Depending on the nature of the planned activities, the expected duration of the project, the size of the local…

Foreign companies can engage independent contractors in Turkey without establishing a Turkish legal entity. Independent contractors in Turkey commonly provide services through business-to-business (B2B) service agreements, issuing invoices to overseas clients and receiving international payments. However, the relationship must be structured as a genuine independent business arrangement rather than disguised…

As remote work and international hiring have become increasingly common, many foreign companies now employ individuals who live and work in Turkey without necessarily having an established business presence in the country. As a result, understanding the foreign employer income tax exemption in Turkey has become increasingly important for international…

When international companies expand into Turkey, payroll is often viewed as a straightforward administrative function: calculate salaries, process payments, and issue payslips. In practice, however, payroll compliance in Turkey extends far beyond salary calculations. Payroll sits at the center of a broader framework that includes employment law, social security obligations,…

When foreign companies enter Turkey, they often focus on corporate income tax, VAT, payroll obligations, and company registration requirements. While these areas are important, many international businesses quickly discover that one regulation sits at the center of nearly every accounting and tax process in Turkey: the Turkish Tax Procedure Law,…

Foreign investors entering Turkey frequently ask whether a Turkish subsidiary can maintain its accounting records directly under International Financial Reporting Standards (IFRS). The question is understandable. Most multinational groups prepare consolidated financial statements under IFRS and seek consistency across their global operations. However, the answer requires understanding a fundamental characteristic…

Tax confidentiality in Turkey is an important consideration for foreign investors, startups, and international companies planning to establish operations in the country. As businesses expand internationally, concerns about data privacy and confidentiality extend beyond customer information and intellectual property to include sensitive tax and financial records. One question foreign companies…

The Turkey Asset Peace Regime allows individuals and businesses to declare certain foreign and domestic assets until 31 July 2027. The regime covers cash, gold, foreign currency, securities, and other capital market instruments located abroad or held in Turkey but not recorded in statutory books. Standard taxation applies at 5%…

Executive Summary Turkey has published a draft General Communiqué providing implementation guidance for a new foreign-source income exemption introduced under Article 20/D of the Turkish Income Tax Law. The new regime may allow certain individuals who become Turkish tax residents to benefit from a 20-year exemption from Turkish income tax…

Turkey VAT for digital services is an important compliance topic for SaaS companies, AI software providers, online platforms, subscription businesses, and other digital service providers entering the Turkish market. Understanding when Turkish VAT applies can help foreign businesses avoid unexpected registration and reporting obligations. Understanding the distinction between B2B and…