Income tax in Turkey is progressive, meaning that the higher your income, the higher the percentage of tax you pay. The tax rates range from 15% to 35%, with different brackets for different income levels.
Here's a breakdown of the income tax brackets and rates in Turkey:
Income Tax Brackets in Turkey:
- Up to 14,900 TRY: 15%
- Between 14,901 TRY and 26,800 TRY: 20%
- Between 26,801 TRY and 50,000 TRY: 27%
- Between 50,001 TRY and 100,000 TRY: 35%
- Over 100,000 TRY: 35%
Example:
If you earn 30,000 TRY per year, you'll pay 15% on the first 14,900 TRY, 20% on the amount between 14,901 TRY and 26,800 TRY, and 27% on the remaining amount.
Note:
- These rates are subject to change, so it's always best to consult with a tax professional or the official Turkish Revenue Administration website for the most up-to-date information.
- In addition to income tax, there are other taxes that may apply, such as value-added tax (VAT) and social security contributions.
