This is my professional blog page which I have created to write about my expertise and researches about taxation matters in Turkey. I am inviting other taxation experts that have the same initiative with me so that this page can be more a powerful source of information on special subjects. I hope this blog can be useful to whom needs this information.
As said in the famous quote; “Knowledge grows when shared.”
There are a number of taxes that are applicable in Turkey. In this short introduction, we would like to mention each tax type, provide some general information about it and give the applicable rate or amount of tax in short.
A new presidential decree has been published on today’s official gazette regarding monetary policies. According to this new regulation, contracts between residents of Turkey cannot be based on other currencies. Especially foreign currencies was commonly used in properties rental and sale contracts. But the change is not limited with these but includes all contracts including… Continue reading Contracts Between Residents
A new Decision annex to Import Regime Decision has been published on the Official Gazetted dated June 27, 2018 which reduces the custom tax to 0% for 1882 different type of raw materials for producers.
Tobacco products are listed in list 3-B of Excise Tax law. In general, excise taxation of tobacco products is calculated with the combination of “ad-valorem rate”, “fixed tax” and “minimum fixed tax”.
Although Turkey is not yet part of the EU, as being a party to GATT and having customs union agreement between Turkey and EU, main principles of customs regulation in Turkey is designed in parallel with EU customs rules.
Final version of the Communiqué has been published on the Official Gazette on 31th of January.