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Income Tax


    People who make an income in Turkey are obliged to pay tax, and your real estate in Turkey will also be subject to taxation. In Turkey, the greater your income, the higher your tax rate will pay. Turkey’s income tax rates range from 15% to 35% in total (0-10,000 Turkish lira is taxed at 15%; 10,001-25,000 lira is taxed at 20%; 25,001-58,000 lira is taxed at 27%; 58,001 lira and above is taxed at 35%). Non-residents must pay income tax on all income and earnings earned in Turkey, including employment, rental income from their property in Turkey, and company revenue. Certain expenditures, such as insurance and property management costs, can be deducted from your rental property revenue. Also, due to the tax on wealth, as a property owner in Turkey, you will be required to pay taxes on the land and building values of your property each year. These typically range from 0.1 percent to 0.6 percent in total.