Turkey

Individual - Taxes on personal income

Last reviewed - 26 July 2023

Turkey taxes its residents on their worldwide income, whereas non-residents are taxed on Turkish-source earnings only. Income tax is levied on taxable income at progressive rates after certain deductions and allowances.

There is no special tax regime for expatriates.

Personal income tax rates

The following rates apply to employment income from 1 January 2023 (numbers in parentheses represent rates and brackets applicable to non-employment income):

Taxable income (TRY*) Tax on column 1 (TRY) Tax on excess (%)
Over Not over
0 70,000 - 15
70,000 150,000 10,500 20
150,000 (370,000) 550,000 25,500 27
(370,000) 550,000 1,900,000 (85,900) 134,500 35
1,900,000 (621,400) 607,000 40

* Turkish lira

Taxation of certain income from certain financial instruments (as explained in the Income determination section) are carried out by withholding tax (WHT), and the rates are 0%, 3%, 5%, 7%, 10%, 12%, 13%, 15%, 18%, or 20%, depending on the type of income and instruments.

Local income taxes

There are no local taxes on personal income in Turkey.