Frequently Asked Questions

Every company is legally required to have a accountant or CPA who are authorized by Turkish Finance Ministry which bookkeeps of company’s official books and declerates tax & SSI decleration forms, so without these a company cannot be active and maintained in Turkey

If your company has a paid-in capital of at least one hundred thousand TRL and employs at least 5 local workers, you can apply for a work permit in Turkey

Corporate Income Tax(CIT): In the Turkiye, the normal corporate tax rate is 25% from on July 2023.
Provisional Tax: It is a type of tax calculated as 25% on the earnings calculated every 3 months within the 12-month taxation year, and is deducted from the annual tax.
Value-Added Tax(VAT): Most products and services are subject to the regular VAT rate of 20%. Basic food items are subject to 1% VAT. %8 and %10 are other VAT rates which is in Turkey
Income Tax: It is a type of tax collected on the income earnnings by sole proprietorship companies and employees. Employers are responsible for calculating and paying the income tax of their employees. Income tax is a progressive tax type, starting from 15% and going up to 40%.
Stamp Tax: It is a type of tax calculated on all kinds of contracts and employee wage slips. It has a variable rate depending on the type of document. Employers are responsible for calculating and paying stamp tax for their employees
Withholding Tax(WHT): It is a type of tax calculated at least 20% on rent and wage payments.

Turkish government offers several employment incentives & tax reductions . Incentives and tax reductions generally cover the IT and manufacturing sectors and free zone companies.
Employment incentives are aimed at young, female skilled workers

You’ve made your investment decision, but what about your tax planning, have you done it?
A financial advisor can help you avoid paying unnecessary taxes and be as tax efficient as possible, access tax incentives, and transfer your capital gain outside of Turkey.

The foreign investors who are company shareholders & managers has been including in the Turkish social security system automatically and mandatorily, They may be entitled to receive retirement benefits after paying their social security premiums and fulfilling other legal conditions. Even they may leave a legacy this rights to theirs heirs.