Corporate Tax in Turkey

Overview by
Tax Base For Resident and Foreign Companies
Turkish companies are taxed on their global income, while companies whose headquarters and "effective management" are abroad are only taxed on their income in Turkey. For additional information access the Invest in Turkey website (in english).

Tax Rate

Corporate tax rate 20%
Tax Rate For Foreign Companies
Capital Gains Taxation
Long term capital gains are taxed in Turkey at the normal corporate income tax rate.
Main Allowable Deductions and Tax Credit
40% of expenses for research and development inside a company are deductible from the tax base. For further details on company tax deduction, consult the Revenue Administration.
Other Corporate Taxes
For further information on company other taxes, consult the Revenue Administration.

Country Comparison For Corporate Taxation

  Turkey Eastern Europe & Central Asia United States Germany
Number of Payments of Taxes per Year 15.0 41.7 11.0 16.0
Time Taken For Administrative Formalities (Hours) 223.0 313.9 187.0 215.0
Total Share of Taxes (% of Profit) 44.5 41.2 46.8 48.2

Source: Doing Business

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.

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