At a glance

Corporate Income Tax Rate 20%
Tax rate applied on capital gains 20%
Tax rate applied on branch profits 20%
Other taxes (e.g. local or state tax)                   no
Withholding taxes (standard rates)  
on dividends 15%
on branch profit remittance 15%
on interest 10%
on royalties 20%
Loss carry back period may not be carried back except where the company is liquidated
Loss carry forward period                        5 years

For more details see: 'Publications'.


Turkey, known officially as the Republic of Turkey (Turkish: Türkiye Cumhuriyeti), is a Eurasian country that stretches across the Anatolian peninsula in western Asia and Thrace (Rumelia) in the Balkan region of southeastern Europe. It is bordered by eight countries: Bulgaria to the northwest; Greece to the west; Georgia to the northeast; Armenia, Azerbaijan (the exclave of Nakhchivan) and Iran to the east; and Iraq and Syria to the southeast. The Mediterranean Sea and Cyprus are to the south; the Aegean Sea to the west; and the Black Sea is to the north. The Sea of Marmara, the Bosphorus and the Dardanelles (which together form the Turkish Straits) demarcate the boundary between Eastern Thrace and Anatolia; they also separate Europe and Asia. Turkey is a democratic, secular, unitary, constitutional republic, with an ancient cultural heritage. Turkey has become increasingly integrated with the West through membership in organizations such as the Council of Europe, NATO, OECD, OSCE and the G-20 major economies. Turkey began full membership negotiations with the European Union in 2005, having been an associate member of the European Economic Community since 1963 and having reached a customs union agreement in 1995. Turkey has also fostered close cultural, political, economic and industrial relations with the Middle East, the Turkic states of Central Asia and the African countries through membership in organizations such as the Organisation of the Islamic Conference and Economic Cooperation Organization. (Source: Wikipedia)


CTA Members in Turkey

Egemen Karaduman Egemen Karaduman
Telephone: + 90 212 354 90 14 E-Mail: egemen.karaduman@corptax.org