Turkish Tax Law

As a foreigner living or doing business in Turkey, it's important to understand the country's tax laws to avoid any legal issues or penalties. Here's an overview of Turkish tax law for foreigners.

The Turkish tax system is based on both income and consumption taxes. Income tax is applied to individuals and companies based on their income levels and sources, while consumption tax is applied to goods and services.

Foreigners who reside in Turkey for more than 183 days in a year are considered tax residents and are subject to taxation on their worldwide income. Non-residents are taxed only on their income earned within Turkey.

Individuals who earn income in Turkey are required to register with the tax authorities and obtain a tax identification number. They are also required to file an annual tax return, which is due by the end of March of the following year.

Foreign individuals and companies doing business in Turkey are also subject to value-added tax (VAT) on goods and services they sell or purchase within the country. The current VAT rate in Turkey is 18%.

In addition to income and consumption taxes, there are also specific taxes that may apply to foreigners, such as property tax on real estate owned in Turkey and stamp duty on certain legal documents.

It's important to note that Turkey has tax treaties with many countries to avoid double taxation for foreign residents. These treaties provide for tax credits and exemptions to prevent taxpayers from being taxed twice on the same income.

Navigating Turkish tax law as a foreigner can be complex, especially if you're not familiar with the language and legal system. That's why it's important to seek legal guidance from experienced professionals who can help you understand the law and its implications for your situation.

At Gulseven Law, we have a team of experienced tax attorneys who can assist you with all aspects of Turkish tax law, including income tax, VAT, property tax, and stamp duty. We can provide you with the legal guidance and representation you need to ensure compliance with Turkish tax laws and minimize your tax liability.

If you need legal assistance with Turkish tax law, contact us today to schedule a consultation. We're here to help you navigate the complexities of Turkish tax law and achieve a favorable outcome for your case.