Much of this income, such as deposit interest and dividends, is taxed at source. Half of dividends from fully liable Turkish companies is exempt from income tax; amounts above the declaration threshold must be declared.
Source: 193 sayılı GVK m. 75-77
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Personal income taxThe tax levied on the business, agricultural, professional, employment, real estate and investment income and other earnings of individuals in a calendar year.Withholding taxPersons and entities making certain payments withholding tax at the time of payment and paying it to the tax office on behalf of the recipient.Participation exemptionThe exemption from corporate income tax of dividends a company receives from its holding in the capital of another fully taxable company.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Advance tax rulingA written explanation issued by the tax administration upon a taxpayer's written request about its own tax position or matters it considers unclear.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.
Last updated: October 31, 2026 · This definition is for general information only.