How simple is the Turkish tax system?

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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