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Turkey Tax News 2008



Turkey Tax Rates 2008


January 2008
Turkey's tax rates for 2008 are similar to 2007 rates.
Turkey's corporate tax rate is 20%.Personal income tax rates in 2008 are 15%-35%, with slight changes in the tax brackets, compared to 2007.
The VAT rate in 2008 is 18%.


Turkey Income Taxes


May 2006
The Turkish parliment approved a tax reform , effective from 1.1.2006
From 1.1.2006 the new Turkey corporate tax rate is 20%(previous rate-30%).
The new top marginal income tax rate for individuals is 35%.(previous rate-40%).


Turkey Corporate Tax


February 2006
According to a draft proposal, Turkey's corporate tax rate would be reduced to 27% in 2006.
The proposal has not been approved yet.





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