www.Aaptaxlaw.com
   
 
 

 

Turkey Tax Rate for 2017, 2016, 2015, 2014, 2013

Turkey Income Tax Rate 2016, 2015, 2014, 2013

Turkey Income Tax Rate w.e.f 1st January 2016

Taxable Income TL

Tax Rate

 

Upto 12,600

 

15%

 

12,600 - 30,000

 

20%

 

30,000 - 110,000

 

27%

 

Over 110,000

 

35%

 

 

 

Turkey Income Tax Rate w.e.f 1st January 2015

Taxable Income TL

Tax Rate

 

Upto 12,000

 

15%

 

12,000 - 29,000

 

20%

 

29,000 - 106,000

 

27%

 

Over 106,000

 

35%

 

Turkey Income Tax Rate w.e.f 1st January 2014

Taxable Income TL

Tax Rate

 

Upto 10,700

 

15%

 

10,701 - 26,000

 

20%

 

26,001 - 94,000

 

27%

 

Over 94,000

 

35%

 

Employee’s Wage Income is subjected to income tax and employer is responsible to deduct and pay the tax office on behalf of the employee.

 

Above are the 2014 brackets and relevant income tax rates. In principle, individual income and gains calculated on a cumulative basis are subject to income tax at progressive tax rates which vary between 15% and 35% and are calculated on a cumulative basis.

Corporate Tax Rates in Turkey

The corporate tax rate is 20 percent. A resident company is liable to corporate income tax on its worldwide income. A non-resident company is liable to corporate income tax on its Turkish-source income only.

Inheritance and Gift Tax Rates in Turkey

For 2013, beneficiaries of inheritances and gift recipients are subject to inheritance and gift tax at rates ranging from 1% to 30%. The tax is paid over 3 years in 2 equal installments, in May and November. For 2013, inheritances amounting to TL 140,774 and gifts amounting to TL 3,244 are exempt from tax.

Turkish citizens are subject to inheritance and gift tax on worldwide assets received. Resident foreigners are subject to inheritance and gift tax on worldwide assets received from Turkish citizens and on assets located in Turkey received from resident foreigners or non-residents. Non-resident foreigners are subject to inheritance and gift tax on assets located in Turkey only.

Non Resident Tax Rates in Turkey

 Non-residents (limited liability taxpayers) are taxed only on earnings and revenues derived in Turkey

Capital Gain Tax Rates in Turkey

Capital gains are normally considered to be ordinary income. However, capital gains derived from transfers of shares are exempt from income tax in certain cases.  Under a Council of Ministers’ Decree, the withholding tax rate is reduced to 0% for capital gains derived by resident and non-resident individuals from the sale of shares traded at the ISE. This is the final taxation. Capital gains derived from the disposal of the shares without the intermediation of a bank or an intermediary institution (that is, capital gains derived by resident and non-resident individuals from the sale of shares not traded on the ISE) are subject to tax at the general progressive income rates and reported in the annual income tax return. However, if the shares are issued by Turkish resident companies and held for more than 2 years, the gain is not subject to income tax.

Turkey Dates of filing Returns / Reporting and Payment

Tax Year 1 January to 31 December

Tax Return due date Tax returns must be filed between 1 March and 25 March

A taxpayer who derives commercial or self-employment income must file and pay advance income tax quarterly. The advance tax amount equals 15% of net income. The advance payments must be made by the 17th day of the second month following the end of the quarterly tax period. Advance tax paid is deducted from the income tax payable in the final tax return.

 

Tax Rates in the World

Afghanistan Tax Rates

Albania Tax Rates

Algeria Tax Rates

Angola Tax Rates

Argentina Tax Rates

Australia Tax Rates

Austria Tax Rates

 

 

Bangladesh Tax Rates

Brazil Tax Rates

Canada Income tax Rate

Canada Personal Tax

China Tax Rates

Colombia Tax Rates

Congo Tax Rates

Cyprus Tax Rates

Czech Republic Tax Rates

Ethiopia Tax Rates

Egypt Tax Rates

France Tax Rates

Finland Tax Rates

Germany Tax Rates

Ghana Tax Rates

Hong Kong Tax Rates

Hungary Tax Rates

India Income tax Rate

India TDS Rate

Ireland Tax Rates

Israel Tax Rates

Italy Tax Rates

Japan Tax Rates

Jamaica Tax Rates

Jersey Tax Rates

Jordan Tax Rates

Kazakhstan Tax Rates

Kenya Tax Rates

 

 

Korea Tax Rates

Lithuania Tax Rates

Malaysia Tax Rates

Malta Tax Rates

Mauritius Tax Rates

Mexico Tax Rates

Morocco Tax Rates

Myanmar (Burma) Taxes

Nepal Tax Rates

New Zealand Tax Rates

Netherlands Tax Rates

Nigeria Tax Rates

Pakistan Tax Rates

Panama Tax Rates

Philippines Tax Rates

Poland Tax Rates

Portugal Tax Rates

Romania Tax Rates

Income Tax Rate

Singapore Personal Tax

Serbia Tax Rates

Slovakia Tax Rates

Slovenia Tax Rates

South Africa Tax Rates

Spain Tax Rates

Sri Lanka Tax Rates

Sweden Tax Rates

Switzerland Tax Rates

Tanzania Tax Rates

 

 

Thailand Tax Rates

Turkey Tax Rates

Uganda Tax Rates

Ukraine Tax Rates

UK Tax Rates

UK Corporate Tax Rates

Tax Allowances in UK

USA Income Tax Rate

USA Standard Deduction

Vietnam Tax Rates

Zimbabwe Tax Rates

Home     About Us     Privacy Policy     Disclaimer    Contact Us  Sitemap