Turkey

Individual - Taxes on personal income

Last reviewed - 02 May 2024

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 2024 (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
0 110,000 - 15
110,000 230,000 16,500 20
230,000 (580,000) 870,000 40,500 27
(580,000) 870,000 3,000,000 (135,900) 213,300 35
3,000,000 (982,000) 958,000 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.