Corporate Taxes in Turkey

Finlexia is a globally recognized Turkish Accounting Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our Turkish accountants and our Turkish Tax Lawyers are prepared to handle your company’s Corporate taxes in Turkey.

Finlexia handles all kinds of accounting services required to run your company in Turkey. We offer the best accounting services, at competitive prices to foreign businessmen who already established or getting ready to establish a company in Turkey.

Finlexia provides a wide range of services designed to provide effective tax compliance and advice, aiming to give your business a competitive advantage both in local and international contexts.

At Finlexia, we provide tax certification, audit, and consultancy services on a local and global scale. Using our in-depth experience and knowledge, we are providing competitive analyses and alternative solutions to our clients while offering them services in terms of compliance with financial legislation.

Corporate Taxes in Turkey

The Turkish standard corporate tax rate is 23% but certain incentives are granted, for example, the incomes provided by software development are exempt from paying taxes until January 2024. Also, major reductions may be granted for operating in certain regions.

The Turkish tax regime can be classified under three main headings:

Corporate Income Taxes

In Turkey, the basic corporate income tax rate levied on business profits is 23%.

Withholding taxes on selected payments of resident corporations:

• Dividends are subject to 10%.
• Interest on treasury-bill and treasury bonds derived by resident corporations is subject to 0%.
• Interest on other bonds and bills derived by resident corporations is subject to 0%.
• Bank deposits are subject to 10%-18%.
• Profit shares paid by participation banks in consideration of participation accounts are subject to 10%-18%.
• REPO agreements are subject to 15%.

Withholding taxes on selected payments of non-resident corporations:

• Dividends are subject to 10%.
• Interest on treasury-bill and treasury bonds derived by resident corporations is subject to 0%.
• Interest on other bonds and bills derived by resident corporations is subject to 0%.
• Bank deposits are subject to 10%-18%.
• Profit shares paid by participation banks in consideration of participation accounts are subject to 10%-18%.
• REPO agreements are subject to 15%.

Reach us for Corporate Taxes in Turkey

Since its foundation, Finlexia Turkish Accounting Firm has been the choice of numerous clients in Turkey. Thanks to its nationally recognized accountants and accounting services, our accounting firm is now one of the leading accounting firms in Istanbul, Turkey.

You may reach our accountants and lawyers for Corporate Taxes in Turkey by sending an email or through our Contact page.