Hello, @ELDTRAINING529
Here is the some details of the Income tax related in Turkey.
Taxation of Residents and Non-Residents:
Turkey taxes its residents on their worldwide income, while non-residents are taxed only on Turkish-source earnings.
As a resident, you’ll be subject to gelir vergisi (income tax) on your total income.
Progressive Tax Rates:
Income tax rates are progressive, meaning they increase as your income rises.
Here are the current rates for employment income (as of January 2024):
Up to 110,000 TRY: Tax rate is 15%.
110,000 TRY to 230,000 TRY: Tax rate is 20%.
230,000 TRY to 580,000 TRY: Tax rate is 27%.
580,000 TRY to 870,000 TRY: Tax rate is 35%.
Above 870,000 TRY: Tax rate is 40%12.
Local Income Taxes:
Good news! There are no local taxes on personal income in Turkey. So, you won’t need to worry about additional local levies1.
Article 18 Exemption:
Article 18 of the Turkish Income Tax Law provides exemptions for certain types of income (such as dividends, interest, and capital gains).
However, this exemption doesn’t apply to employment income. For employment-related taxes, you’ll follow the standard progressive rates mentioned above.
I hope this information will help you.
Best Regard,
geraldine198
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