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 Turkish shares held for 1-2 years subject to terms.
  • 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.
  • Under certain terms dividend received from a nonresident company may be tax exempt too.




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: Previous update by "Independent Accountants, July 2009.

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