Overview & Value Proposition This quick-reference handbook provides a practical roadmap covering market entry, corporate taxation, employment rules, individual taxes, and expatriate residency/citizenship options.
Corporate Tax & Transaction Taxes
- Corporate Tax (CIT): General rate is 25% (30% for financial institutions). A 10% domestic minimum corporate tax applies. Industrial registry holders benefit from reduced production rates (12.5% starting in 2027).
- Pillar Two: Global minimum tax rules (15%) apply to multinational enterprise groups with annual consolidated revenues exceeding EUR 750 million.
- Withholding Taxes (WHT): Dividend distributions are subject to 15% domestic WHT (subject to Double Taxation Treaties). Royalties and service fees are subject to 20% WHT.
Employment & Work Permits
- Labour Standard: 45-hour work week, gross minimum wage of TRY 33,030/month (2026). Minimum wage portions are exempt from income tax and stamp tax.
- Foreign Employee Ratios: Employers generally must employ at least 5 Turkish citizens per foreign national, with exceptions for high-turnover workplaces or long-term Turkish residents. Work permits double as valid residence permits.
Personal Tax, Real Estate & Citizenship
- Personal Income Tax: Progressive tax brackets range from 15% to 40%.
- Citizenship by Investment: Foreigners can acquire Turkish Citizenship by purchasing real estate worth at least USD 400,000 or depositing USD 500,000 in Turkish banks/bonds/funds with a 3-year holding requirement.
