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 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.
Turkey’s new investment incentive system is published in June 2012 with “Council of Minister’s Decree No. 2012/3305 on Government Subsidies for Investments”. The Regulation No. 2012/1 defines procedures and principles for the implementation of the Decree as well.