Turkey has one of the most competitive corporate tax rates in the OECD region.
There are three types of tax:
Taxes on income
• Corporate income tax
• Withholding tax on certain payments of resident corporations
• Withholding tax on certain payments of non-resident corporations
• Individual income tax
• Social security premiums
Taxes on expenditure
• Value added tax
• Stamp tax
• Customs duty
Taxes on wealth
• Inheritance and gift tax
• Real estate tax
• Motor vehicle tax
Major corporate tax exemptions and allowances
Source: www.invest.gov.tr
