Conexio consulting

Income tax on individuals in Turkey

Income tax is unitary in nature. The source of income is defined in 7 categories: Business profits, agricultural profits, employment income, professional income, rental income, interest & dividends, and other income.  There are two main types of tax statutes: resident taxpayers, and non-resident taxpayers. Residents are taxed on their worldwide income, whereas, nonresidents are taxed […]

VAT taxation in Turkey

Taxable transactions VAT applies to the following transactions: The supply of goods or services in the course of performing commercial, industrial, agricultural, or independent professional activities made in Turkey by a taxable person. Goods and services imported into Turkey. Deliveries and services arising from other activities specifically stated in law. Tax payer A taxable person […]