|
Turkish law exempts the following forms of income from tax:
- Profits from private pension funds, up to a limit.
- For individuals income from sale of shares.
- For individuals, dividend income, up to TL 20,000 for the year 2009.
- For individuals, income from sale of immovable property held for 5 years or more.
- For companies, dividend paid by a resident company to a Turkish company.
Turkey Tax Relief
- Undocumented expenses paid in foreign currency abroad, up to 0.5% of gross income.
- Bad debts, subject to certain conditions.
- Donations to certain organisations, up to 5% of taxable income.
- Medical expenses made by employees.
Note: Partial update by "Independent Accountants", July 2009.
|
