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Turkey

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Tax authorities

Revenue Administration, Department of Taxpayer Services
Ilkadim Cad. 06450 Dikmen/Ankara, Turkey
Tel: +90 312 415 29 00
Fax: +90 312 415 28 21 22
Website: www.gib.gov.tr

Tax rates at a glance

(as of August 1 2011) 

Corporate income 20%
Capital gains 20%
Branch tax 20%
 
Withholding Tax
Dividends 15%15(*)
Interest
- From REPO gains 15%
- From government bonds, private bonds and Treasury bills 0% to 10% (0% rate applies to nonresident entities and individuals. The 10% rate applies to residents for bonds and bills)
- From deposit accounts 15%
- From loans granted by foreign financial institutions 0%
- From loans granted by other foreign entities 10%
Royalties, know-how, licence fees 20%
Professional service fees 20%
Earnings from sale of intellectual properties 20%
Progress billings on long-term construction and repair contracts 3%
Income from financial leasing 1%
Rental income (Tangibles and Intangibles) 20%
Branch remittance tax 15%
 
Net operating losses (years)
Carry back 0
Carry forward 5
  • Withholding tax on dividends, royalties, know-how and licences; professional service fees; sales of IP; financial leasing income; rental income from tangibles and intangibles, and branch remittances apply to non-resident companies only.

Source: Professionals from Erdikler - Taxand

Turkey

Yusuf Penezoglu
Ernst & Young
Turkey

Yusuf Penezoglu of Ernst & Young examines the taxation environment created in Turkey with recently rendered Council of State and tax court decisions regarding several disputes between the tax authorities and multinational companies resident in Turkey in relation to the loss replenishment fund, investment allowance and disguised profit distribution through transfer pricing and VAT.

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Tax

Tax advisers comment that the biggest trend in Turkey is the increasing pressure the tax authorities are exerting on domestic and foreign multinationals. One practitioner suggested that the pharmaceutical sector in particular is being targeted as the ... [more]

Niyazi Comez leads Deloitte's Turkish tax practice of 13 partners and 179 fee earners. Notable additions to staff this year include Orhan Kahraman from the Ministry of Finance as a tax director, providing the practice with a close link to tax authorities. ... [more]

Ernst & Young's tax practice in Turkey has expanded this year under department head Erdal Calikoglu, with 32 fee earners joining the department over the last year. This brings the total number of tax professionals to more than 250, making the firm one ... [more]

Leon Coskun is the head of Mazars's tax department and chairman of the firm. The department consists of 13 partners and 74 other fee earners spread across the Ankara and Bursa offices. The practice has also broadened its capabilities this year with the ... [more]

PwC

PwC's tax team has a strong reputation in Turkey and several of its practitioners are singled out by competitors for their ability. Recep Bıyık is commended for his practical approach and comprehensive knowledge of corporate tax. Similarly, Bilgutay ... [more]

BDO Denet is led by Haluk Kaptanoglu and is capable of providing clients with tax advice in corporate tax planning, international tax and structuring, corporate financing, M&A, employee incentives and tax due diligence. As part of the international BDO ... [more]

Uluc Ozcan leads the practice of dedicated tax firm Erdikler-Taxand, which has several highly respected practitioners. For cross-border structuring matters Saban Erdikler is singled out by his peers as an adept practitioner. Recent highlights of the ... [more]

KPMG's tax team in Turkey is led by Abdulkadir Kahraman who is identified by his competitors as a very able tax adviser in several practice areas. The firm provides clients with a full range of tax services, but its transfer pricing service line is especially ... [more]

Ali Sanver and Ahmed Pekin lead the tax practice of Pekin & Pekin, which consists of four other fee earners and a small, experienced tax disputes team. Tax controversy and M&A are two areas the firm highlights as strengths of the practice, though work ... [more]

Sigma provides clients with tax consulting services but has particular strength in tax controversy services. The firm also provides clients with real estate and indirect tax advice. Both Turkish and international companies rely on the firm for tax ad... [more]

The tax practice of White & Case in Turkey provides its clients with a range of tax services including international tax planning. However, the firm's general strengths in M&A and capital markets mean that much of the tax work concluded is associated ... [more]

Baker Tilly Gureli provides clients with a wide range of tax certification services as well as tax consultancy services. Hüsnü Güreli is the managing partner of the firm. The firm has recently opened offices in Ankara and Trakya, consolidating its ability ... [more]

The tax practice of Gide Loyrette Nouel in Turkey is largely focused on assisting its French clients active in the region with tax advice in M&A and corporate financing matters. Though he is not a tax specialist, Jean Gabriel Flandrois advises clients ... [more]

Grant Thornton's Turkish tax team is led by Emin Taylan who is an international tax specialist . As a former specialist accountant with the Ministry of Finance, Taylan has extensive knowledge of the Turkish tax system. The firm provides a full range ... [more]

See also

Turkey
Middle East

Firm contact details