Taxes in Turkey are competitive with many European countries and first and second world countries,.

Types of taxes in Turkey

Date:Thursday, January 12, 2023

Taxes in Turkey are competitive with many European countries and first and second world countries,.


Turkey is one of the countries interested in collecting taxes, and whoever resides in Turkey should be fully aware of its tax issues and get acquainted with accurate and detailed information on this subject because of its importance if you want to reside, invest , or buy a property or any other economic activities, it is good to be Familiar with the tax laws in Turkey to know what you have and what you owe.

Tax incentives in Turkey:

Since the beginning of 2012, Turkey has begun to implement a system of tax incentives in order to encourage foreign and Turkish investments. What is unique about investment tax incentives in Turkey is that they apply to Turks and foreigners alike.

Turkey applies four different tax incentive systems, namely:

- the world order

The regional system

The system is extensive

The strategic system

Tax rates in Turkey are competitive:

Taxes in Turkey are competitive with many European countries and first and second world countries. At the level of the Organization for Economic Cooperation and Development (OECD), tax rates in Turkey are among the competitive prices that encourage investment in Turkey.

Turkey also has clear and transparent tax laws, which gives you comfort in legal procedures and an increase in confidence and security. The majority of taxes in Turkey are logical, objective, and in line with international tax standards.

Real estate taxes in Turkey are subject from time to time to laws and amendments that reduce the values ​​of some taxes, either permanently or for limited periods as a form of stimulus.

Do foreigners have additional taxes in Turkey?

This is one of the rumors that you may hear from time to time. The fact is that any economic activity of yours in any country will require you to pay tax costs. What is unique about Turkey is that there are no additional taxes on foreigners.

Whereas, according to Turkish law, you, as a foreigner, can establish a company in Turkey, buy a property , or carry out any commercial activity, as you will incur regular taxes paid by a Turkish citizen who carries out the same activity.

In Turkey, foreigners may have some minor costs in exchange for translating some documents, escorting a translator, or the need to employ Turks within your institutions, and these matters are not classified as taxes in Turkey , but are needs that you have and differ according to your ability to carry out your duties on your own or according to the nature of your investment.

Types of taxes in Turkey:

There are three basic types of taxes in Turkey, and several sub-types branch out from each type, namely:

*Income Taxes

Income taxes focus on two main points: the elements and sources of income and the net income value.

When talking about income in Turkey, taxes here are divided into two basic types:

Individual income tax: The amount of earnings and returns that an individual receives is determined on a net basis within one year.

Corporate Income Tax: If the income is derived from companies or establishments in Turkey, the taxes are levied on the legal entities that represent the company.

Expense taxes

Value Added Tax (VAT):

Value Added Tax in Turkey is applied to goods and services of a commercial, industrial, agricultural and independent artisanal nature, goods and services imported from outside Turkey “imports”, and deliveries of goods and services.

SCT Special Consumption Tax:

There are 4 basic groups of products that are subject to SCT with different values ​​and tax rates, and the groups are:

Petroleum products (oil derivatives, lubricating oils, solvents and their derivatives, natural gas)

Vehicles of all kinds: cars / motorcycles / airplanes and helicopters / yachts.

Tobacco products and alcoholic beverages

entertainment products

The SCT is paid once only.

Wealth and property taxes

In Turkey, there are three types of wealth taxes:

Real estate ownership taxes

Car taxes

Inheritance and gift taxes

Taxes in Turkey are among the things that foreigners in Turkey, especially Arabs, are most asked about and inquired about. In this article, we have mentioned all the details about them, as we have discussed the types of taxes in Turkey in an accurate and detailed way. its sides.


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