Corporate Tax

Corporate tax in Turkey is levied on the taxable income of companies, including limited liability companies, joint stock companies, and other entities engaged in commercial activities. The corporate tax rate in Turkey is currently set at a flat rate of 22%.

Companies are required to file their annual tax returns and pay their corporate taxes by the end of March each year. They must also make quarterly advance tax payments throughout the year based on their estimated taxable income.

The taxable income of a company is calculated by deducting its deductible expenses from its gross income. Deductible expenses include the cost of goods sold, employee salaries and benefits, rent, interest, depreciation, and other business expenses.

It is important for companies to work with experienced tax lawyers or accountants to ensure compliance with the tax laws and regulations in Turkey. At Estates Istanbul, we have a dedicated law department that can assist our clients in navigating the complex tax system and ensuring that they are meeting all of their tax obligations in Turkey.