Akkas CPA is a globally recognized Turkish Accounting Firm with a long record of excellence and professional leadership in corporate taxes in Turkey. Our accountants provide all kinds of accounting services in Turkey required to run your company in Turkey.
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Akkas CPA offers the best accounting services, at competitive prices to foreign businessmen who have already established or are getting ready to establish a company in Turkey.
After registering a new company in Turkey, you will need to hire an accountant & CPA to manage the financial issues and offer solutions to lower the costs for your business. A good accountant will help you save money and make your company more efficient in terms of costs. If your company is managed well from all points of view, the profit will increase in a short time.
An experienced accountant knows all the rules and regulations related to your business activity and will offer you the best advice to protect your money. Before hiring an accountant, you should check if he/she is registered with an accounting body in Turkey, so you will be sure that he/she is a professional and you can trust him/her.
Corporate Taxes in Turkey
Our tax department is prepared to handle your company’s corporate taxes in Turkey. Turkey has one of the most competitive corporate tax rates in the OECD region. The Corporate Tax Law No. 5520 which was enacted on June 21, 2006, made some important amendments to the current applications and also included new concepts in the tax legislation.
With the new Corporate Tax Law in place, Turkish corporate tax legislation now has noticeably clearer, more objective, and better-harmonized provisions that are in line with international standards.
The Turkish tax regime can be classified under three main headings:
Income Taxes
Income taxes in Turkey are levied on all income, including that of domestic and foreign individuals and corporations residing in Turkey. Non-residents earning income in Turkey through employment, ownership of property, business transactions, or any other activity that generates income are also subject to taxation, but only on the income earned in Turkey.
Corporate Income Taxes
In Turkey, the basic corporate income tax rate levied on business profits is 25%.
Withholding taxes on selected payments of resident corporations:
- Dividends are subject to 15%.
- Interest on treasury bills and treasury bonds derived by resident corporations is subject to 0%.
- Interest on other bonds and bills derived by resident corporations is subject to 0%.
- Bank deposits are subject to 10%-18%.
- Profit shares paid by participation banks in consideration of participation accounts are subject to 10%-18%.
- REPO agreements are subject to 15%.
Withholding taxes on selected payments of non-resident corporations:
- Dividends are subject to 15%.
- Interest on treasury bills and treasury bonds derived by resident corporations is subject to 0%.
- Interest on other bonds and bills derived by resident corporations is subject to 0%.
- Bank deposits are subject to 10%-18%.
- Profit shares paid by participation banks in consideration of participation accounts are subject to 10%-18%.
- REPO agreements are subject to 15%.
Reach us for Corporate Taxes in Turkey
Akkas CPA is a globally recognized Turkish Accounting Firm with a long record of excellence and professional leadership in Istanbul, Turkey.
Thanks to its nationally recognized accounting services, our accounting firm is now one of the leading accounting firms in Istanbul, Turkey. You may reach our accountants for corporate taxes in Turkey by sending an email to us.
