The Turkish taxation system is complex and constantly evolving, making it challenging for businesses to navigate. Our guide to the Turkish taxation system is designed to provide you with an overview of the tax system in Turkey and help you understand your tax obligations as a business owner.
Overview of the Taxation System in Turkey
The Turkish taxation system is composed of various taxes, including income tax, corporate tax, value-added tax (VAT), stamp tax, and customs duties. The tax laws and regulations are administered by the Turkish Revenue Administration (TRA).
Income Tax
Individuals in Turkey are subject to income tax on their worldwide income, while companies are subject to corporate tax on their income earned in Turkey. The tax rates vary depending on the income level and type of income earned.
Corporate Tax
Companies in Turkey are subject to corporate tax on their profits earned in Turkey. The standard corporate tax rate in Turkey is 22%, although certain incentives and exemptions may apply.
Value-Added Tax (VAT)
Value-added tax (VAT) is a tax on goods and services consumed in Turkey. The standard VAT rate is 18%, although reduced rates of 1%, 8%, and 10% may apply to certain goods and services.
Stamp Tax
Stamp tax is a tax on certain legal transactions, such as contracts and agreements. The tax rate varies depending on the type of transaction.
Customs Duties
Customs duties are levied on goods imported into Turkey. The duty rates vary depending on the type of goods and the country of origin.
Why Choose Us
Our team of taxation experts has extensive experience in advising businesses on the Turkish taxation system. We provide a range of taxation services to help businesses navigate the complexities of the local tax system, including tax planning, compliance, and dispute resolution.
If you are looking for reliable and experienced taxation services in Turkey, please contact us today. We will be happy to discuss your requirements and provide you with a customized solution that meets your needs.