All you care about income tax in Turkey

Turkey has recently become the focus of attention from various sides and aspects, and many people have become interested in collecting information about Turkey, because many people have become interested in taking Turkey as a place to settle and reside in it, and perhaps one of the most related questions about Turkey It is the question about taxes in Turkey, especially income tax in Turkey, and we assure you that you have reached the right place, dear reader. In our article today, we will detail everything related to income tax in Turkey to answer all your questions and everything that matters to you about Income tax in Turkey.

Turkey, like other countries and different countries, has imposed a set of taxes in it because it enjoys an economic activity, but Turkey differs or is distinguished in terms of taxes from other countries in that it does not impose any additional taxes on foreign residents in its lands, that is, that Taxes in Turkey imposed on the Turkish population are exactly the same as those imposed on foreigners without any increase or decrease, as you are allowed as a foreigner according to what is stipulated by the tax law in Turkey to allow the establishment of a company or commercial activity and also to buy a property in Turkey or any Other work in any investment field, and then pay the same regular taxes that Turkish citizens must pay in the event that they carry out any activity similar to the above and that was mentioned.

In the event that there are any additional costs that you may have to pay as a foreign investor in Turkey, they are the costs of translating official documents and papers or the need to hire a sworn translator, intermediary or expert in Turkey.

And one of the most important features of the tax law in Turkey is that it is considered a very clear and transparent law, which eliminates any apprehension or fear during dealing with it and allows you to carry out all your transactions and investment activities with reassurance, in addition to the fact that taxes in Turkey are considered one of the most objective taxes. It is logical and commensurate with the conditions and business in Turkey, as well as it complies with international laws and standards for taxation and an act of the Turkish government to attract more foreign investors to Turkey and to strengthen the real estate investment sector in Turkey and the various forms of investment. By introducing amendments and improvements to the tax law in Turkey by adding reductions to it, some of which are temporary, while others are permanent.

In detail about the income tax in Turkey, it can be said that it is a tax that is deducted from the income that real individuals obtain, and income can be defined as the sum of the net value from imports and the profits obtained by these real individuals during The period of one year and we will detail each part of the income tax in Turkey.

Firstly

Elements of income tax in Turkey:

Income tax is imposed in Turkey on all imports and profits that are included in the income tax income according to the law related to this tax, which includes both commercial profits as well as agricultural profits and wages in addition to free business profits as well as imports of immovable capital and Movable capital imports in addition to other imports and profits.

Secondly

People who pay income tax in Turkey without any deduction:

A group of people must pay income tax in Turkey, and this group includes both those residing within the territory of Turkey in addition to those who reside in Turkey for a period of six months or for a period exceeding six consecutive months without interruption within one year. Also, income tax must be paid in Turkey from Before the Turks who reside outside the territory of Turkey due to the existence of activities and businesses of companies and institutions based in Turkey, and as we have already mentioned in the definition of income tax, the value of income tax is cut from the sum of all imports and profits made by each of these aforementioned groups By obtaining it, whether within the borders of Turkish territory or even outside it.

Third

People who pay income tax in Turkey with a deduction:

Yes, there is a group of people who do not pay income tax in Turkey in full, but there is a deduction on the value of this income tax, and these people are those who do not reside in Turkey, as individuals who do not reside in Turkey are considered subject to the incomplete taxation mandate as they are Deduction of income tax in Turkey from all imports and profits that these individuals obtain within the borders of Turkish territory only.

Fourthly

Income Tax Law in Turkey:

Individuals who have to pay income tax in Turkey are required to make an income tax statement in the period that extends from the beginning of the third month of every year until the twenty-fifth day of the same month and the income tax value in Turkey is paid in two installments, the first payment is paid In the period until the end of March and the second part of the income tax value in Turkey is paid in the period until the end of July of each year.