Turkey

Corporations are liable for CIT at a rate of 22% for the years 2018, 2019, and 2020 on net profits generated, as adjusted for exemptions and deductions and including prior-year losses carried forward, to a limited extent.

According to Turkish tax legislation, income taxation differs significantly based on the taxpayer's place of residence. Resident entities are subject to tax on their worldwide income, whereas non-resident entities are taxed solely on the income derived from activities in Turkey.

Local income taxes

There are no provincial or municipal taxes on corporate income in Turkey.