Taxes in Turkey
The Republic of Turkey is located 97% in Asia and only 3% in Europe. The capital of the country is Ankara. The population is 76 people. Turkey attracts many with its tourist attractions, warm sea, and high level of service in the resort parts of the state.
This is a colorful, distinctive territory with an interesting history and unique traditions. The Turkish economy includes the following sectors:
- industry;
- Agriculture;
- building;
- tourism;
- services sector.
The Republic of Turkey today is one of the countries with a successful pace of development
The economic component demonstrates stability even after the global crisis. The reasons for this well-being are several factors, the main ones being:
- competent economic policy on the part of the government;
- favorable tax environment due to low tax rates.
In the current conditions, many foreign corporations and businessmen are seeking to enter this jurisdiction in order to develop their chosen commercial area on its territory.
If you decide open a company in Turkey, then E-COMMERCE BROKER experts are ready to provide comprehensive assistance in this matter. We are well aware of all the intricacies regarding the functioning of the state tax system and successfully work with businesses in the European part of Turkey.
In a short time, our specialists will prepare everything necessary for registering a business in the European territory of Turkey and will carry out all procedures in accordance with current legislative norms and requirements.
Turkish tax system
Turkish tax system is the same for all citizens who have income in this country. The state treasury is replenished by 8% thanks to taxes, which in turn are divided into:
- indirect, including VAT;
- income taxes;
- welfare fees.
Objects of taxation are residents and non-residents of the state who receive income from conducting commercial activities on its territory. In relation to the former, taxes will be imposed on all global income received both in the country and abroad, and, as for the latter, profits from business only in Turkey are taken into account.
Turkey taxes:
- Corporate (for profit).
The corporate tax rate is 20%. In addition, profits are subject to additional fees. Capital gains are included in the income tax rate and carry the same percentage.
- VAT.
The basic Turkish VAT rate is 18%. Exported goods and services are not subject to tax. For some categories of goods, preferential tax rates apply:
- 8% - for basic food products, medicines, water;
- 1% - for printed materials, leasing equipment, and most agricultural products.
- A wealth tax that applies to real estate, vehicles, and inherited assets.
Business assistance from the E-COMMERCE BROKER Company
If the European territory of Turkey is of interest to you and you want register a business in the jurisdiction, then the E-COMMERCE BROKER Company will help organize your activity so that it begins to generate profit as quickly as possible.
Our specialists take full responsibility for obtaining licenses, opening a bank account, registration of companies and resolution of many other business-related issues.
The financial solutions offered by our experts help optimize the tax burden, as a result of which you can successfully develop your commercial business without overpaying.
